Upside Down car loan with a blown engine... Please Help!!!!?

  • Thread starter Thread starter Nafeese
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Nafeese

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I'm upside down owing around 12k for a 2002 Nissan Altima. I was just told that the engine ring are bad and that it will cost around $2500-3k to fix or to get a new engine. I have already replaced the entire exhaust system as well all of the recalls. My credit is bad but I'm sure there is worst out there. I need a reliable car and at the same time I do not want to get into a new loan. But I may have to. My major concern is that I refuse to pay another car note or spend 3k to fix it, and in return they reposes the car and I will have a repo on my credit that will prevent me to buy another car. Either way im still without a car.

If there is anyone out there that can advise me on the best way to handle this situation I would truly appreciate it!
 
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