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Mr. W
Lv 4
Mr. W asked in Business & FinanceInvesting · 8 years ago

what is my best option financially ((10 pts))?

Ill try to make this short.

I bought a 1996 Silverado a month ago for $4000 with 167k miles on it.

Since then I have spent $1000 fixing everything on this piece of ****.

Now I'm poor, my truck needs a $1000 repair. And I shouldn't keep driving it until it gets fixed.

I do have barely enough in a college fund to afford to fix it but I'd rather not use that money.

I've tried getting it appraised and I only got offered $1000

I would fix it myself but it is a very technical job and I don't feel comfortable attempting something so complicated

I'm scared to throw any more money into this p.o.s. however I have no other transportation right now

PLEASE HELP

Update:

I use my vehicle at work. Public transportation is not an option

3 Answers

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  • Anonymous
    8 years ago

    do not put any more money into it. if no car is available take a bike...if your job is dependent on a vehicle, then explain the situation to your boss or even quit and find a job close to home where you can ride a bike. Sacrifice and tough choices in real life are the real education here...not something a book can ever teach

  • revsuzanne
    Lv 7
    8 years ago

    Use a credit card and get the repairs. On-time payments will enhance your credit rating.

    Even though this truck has been a money hole so far. you can't buy a new vehicle for $6,000

  • ?
    8 years ago

    Sell it and use public transportation.

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