Car engine went bad while still paying car loan off.?

yes you have to pay the loan off in full.

Of course you have to pay the loan off.

Yes. You are screwed

Find a mechanic who can do an engine swap. A backyard mechanic if it is like a year 2003 or earlier should be able to do it for less than 1000$

Now any professional shop would charge 2000 to 3000 to do a swap

God bless

Simple, quick answer....yes, pay loan. Fix the engine, or don't.

You are stuck paying off the loan. Obviously you can pay to fix the vehicle if you want to drive it around (other than down hill only).

You are indeed still stuck paying the loan. I suggest you figure out how to repair the vehicle.

You owe that money to the bank no matter what. Sorry.

If you were to loan me money to buy a big screen TV and it later fell off the wall and was destroyed, would you still expect me to pay you back the money I borrowed? Of course you would. The bank is the same, they want the money you borrowed and do not care about what you used the money to purchase, or the current condition of that item

You have several choices. You can pay to repair the car. You can attempt to trade the car, but with a bad motor you will owe a lot more than the value of the vehicle. You can continue making payments and leave the car parked.

You can quit making payments and have the car repossessed. The bank will then sell the car, usually at auction, and the proceeds of that sale, less all costs of repossession, storage, title and sale will be applied to your loan. You will then either have to pay the balance in full, or will be sued and have a judgement against you.

Your credit will be ruined for at least 7 years, after you finish paying the judgement. This is a very bad choice

With a bad engine your vehicle has little or no sell or trade value. Regardless, you still owe the bank the money you borrowed. Your best option is probably to get a good used replacement engine or have the current engine fixed. Meanwhile, you must continue making payments to the bank.

You have several choices

!; You can try and work out a payment plan with the dealership to fix the engine

2 You can not fix the car and continue to make your payments

3 Don't fix the car and don't make your payments (Do Not do that it will destroy your credit)

Please realize that the bank does not care if the car is running or scrap metal they want their money and if you let it be repoed it will cause problems with your credit.