Overhaulin'

Im upside-down with my car loan, help!?

this 2002 vehicle is falling apart and I owe more than its worth! I've had it for a year and its been in the shop four times for over $2000, and thats with a two year warranty! Amazing how its always a part thats not covered. How do I get into a more reliable car that I can afford?

Public Comments

1. You're in a tough spot, and there may not be any easy way out of it. Check the lemon laws in your state, and see if maybe you can get you money back. Next time, buy a Honda/Acura/Toyota/Mazda or Nissan.
2. go to the dealership you purchased it from, and complain about it being a lemon and see if there is any help there.
3. Your best bet is to just try and get the car you have now paid off so that you won't have huge payments going into a new car loan. If that is not a possibility, consider alternate means of transportation until you can get the money together for a new car. Try carpooling to and from work or the like.
4. see the lemon laws and check with the dealership
5. You might need help from a support group if you are always having money problems. There is a free support group called debtors anonymous. 1. Are your debts making your home life unhappy? 2. Does the pressure of your debts distract you from your daily work? 3. Are your debts affecting your reputation? 4. Do your debts cause you to think less of yourself? 5. Have you ever given false information in order to obtain credit? 6. Have you ever made unrealistic promises to your creditors? 7. Does the pressure of your debts make you careless of the welfare of your family? 8. Do you ever fear that your employer, family or friends will learn the extent of your total indebtedness? 9. When faced with a difficult financial situation, does the prospect of borrowing give you an inordinate feeling of relief? 10. Does the pressure of your debts cause you to have difficulty sleeping? 11. Has the pressure of your debts ever caused you to consider getting drunk? 12. Have you ever borrowed money without giving adequate consideration to the rate of interest you are required to pay? 13. Do you usually expect a negative response when you are subject to a credit investigation? 14. Have you ever developed a strict regimen for paying off your debts, only to break it under pressure? 15. Do you justify your debts by telling yourself that you are superior to the "other" people, and when you get your "break" you'll be out of debt overnight? How did you score? If you answered yes to eight or more of these questions, the chances are that you have a problem with compulsive debt, or are well on your way to having one. If this is the case, today can be a turning point in your life. We have all arrived at this crossroad. One road, a soft road, lures you on to further despair, illness, ruin, and in some cases, mental institutions, prison, or suicide. The other road, a more challenging road, leads to self-respect, solvency, healing, and personal fulfillment. We urge you to take the first difficult step onto the more solid road now.
6. full coverage + rear collision = totaled out vehicle. did you purchase gap insurance when you took out the loan?
7. it is hard to get out of it