Regarding a car, what is the average person supposed to do in this situation to have a car? ?

Question

What is a person supposed to do in the situation that they finance a car, it is not under warranty because it's a used car, and the engine and transmission both blow up , and then the repairs are around $5,000. Plus the car payments are $250 per month? And this person needs a vehicle for work and school?

What would you think should be recommended to do in this situation?

Answer 1

Unless you bought it at a dealer and there is a lemon law in your State and you have owned it within the right time frame, you are screwed.

The only other option is totaling it somehow and take what you can get from your insurance, they may pay off the balance.