June 28th, 2010

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Anyone want a slightly damaged, very expensive car? Only 13,000 left to pay off!

I think I've reached the point where I must give up my car. At this point, I would if I could find a way to get it off my hand without having to make the next 3 years worth of payments.

The problem is, it needs $1600 worth of repairs. I've got about .61 cents to my name. So, that's a problem. I love my car. The Mobile Storage Unit is a fantastic car - when it doesn't need more than 1/2 my monthly income in work, it gets good gas mileage, and it holds lots of stuff as any good mobile storage unit should, and most importantly - IT IS MINE. I go everywhere in my car. I love my car so much we could have an 80s-era sitcom and a catchy theme song.

I don't know what to do. It's not worth what I owe on it, so I can't sell it (plus, you know, I don't actually own it, technically, yet) and I may have to cash out from my retirement account to cover the repairs.

Because of course none of the repairs are covered by the extended warranty. Not one. Which basically means the $3K policy was, as I have suspected since I signed the papers, just the sales guy taking advantage of the fact that I know nothing about cars.

Anyone have any suggestions?

And don't say stripping, that ship has sailed. Mostly because I already used that joke.