What to do with my car

Asked by Dvelazquez104 Feb 03, 2019 at 12:30 PM about the 2005 Chevrolet Cobalt LS Coupe FWD

Question type: Car Selling & Trading In

So I’m unsure of what to do. I’m 23.. I’ve had
my car for 4 years and owe 2800 on it
however my motor has gone. I have GAP
insurance but it won’t cover it because it’s
mechanical. I have a 16 month old so I NEED
a new car.. I got my tax return and was going
to use it as a down payment and so far my
monthly payments on a new car will be
anywhere between 300-400 a month which is
a big jump from what I’m paying for my
Cobalt.. on top of that I’ll have to tack on that
2800 from my car to another only making the
payment higher... or doing a voluntary repo
and still paying on it... and paying on a new
car.. I’m so torn I have no idea what to do.. I
can only put about 2500 down, my rent alone
is 1400.. I’m so lost on what to do.. does
anyone have any suggestions? Who have
maybe gone through this?

4 Answers

Yeah I was looking st used cars and yes, I would add GAP insurance as well. So I know it’ll still be costly. And I have a 2005 Chevy cobalt Ls, and honestly I wish it’s catch fire. I’ve hated Regis car from the start. It’s always orobal after problem. With the amount of work I’ve put into it the last four years, my car should be paid off and at this point it’s just like I give up. I’m 98% sure it’s the motor. But I’m also sure there’s going to be a lot of other things to fix as well. We just replaced battery and starter. My car is also drained and I have no idea why because the power was still working, idk why it’s not now so that’s what leads me to believe it’s also other things. I think the pistons In motor have gone and that’s what caused the mess I’m in. I’ve just done so much work, have spent so much money on this car that I hate and don’t even want.. especially thatbits a coupe and I have a 1 year old in a rear facing car seat.. I’m at a loss and just want to cry and torch the car lol..

18,685

If you think the pistons are gone without having done any diagnostics to support that then your problem is clear to me. You know nothing about your engine and need to have the car diagnosed by and actual technician who knows how to evaluate it and advise you on whether its fixable or not. Get it to a shop and spend a bit of the $2500 on some proper diagnostics. Repair or replace just what's absolutely necessary to make the car safe and reasonably reliable. Drive it carefully and keep saving where you can for when it really does need to be replaced. The cheapest car is almost always the one you already own.

2 people found this helpful.

Yeah it’s be cheaper maybe. And yeah I don’t know anything about cars but my dad used to be a mechanic and after looking at everything, before and after the motor went, he’s the one who told me. Of course I don’t know word for word that he said cause I again idk anything about that stuff... however even after thinking it through and speaking to people about, putting more money into this car is just not a good idea as it has problem after problem no matter how much work we do on it. So in the end it’s not cheaper at all. I could fix the whole car and it still won’t last me. It’s just a hard decision on figuring out what to do. Either way I don’t win and I’m still risking soemthing

I’m definitely staying away from Chevy now. And I’ve been thinking about Toyota, Ford, Honda and Jeep. Definitely need a bigger car and a reliable one. Right now feeling really hopeless but I appreciate your comments!! I hope my situation works out like yours did!

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