What to do with my car
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?