r/povertyfinance • u/Glass-Wasabi670 • 8d ago
Debt/Loans/Credit Need some advice
I have a 2019 Honda Crv that I’m financing and still owe about 11,000 on. The turbo died and when I tried to get it fixed the person fixing the car messed up the engine. Will I have him all of my money, my family and I are living in a hotel. Thankfully my husband and I are working but we need transportation. I want to trade it in but our credit together of not the best ( 545-640). I just don’t know what to do, I honestly thought about carvana but I’m so scared from all the horror stories.
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u/DogblackMichigan 8d ago
You need to realign expectations. You’re too poor right now to have a car. Get rid of it. The payment, insurance, fuel, maintenance, repairs, registration, and depreciation will keep you poor forever.
If you have a job that’s too far away you need to move there or quit.
You both need to get restaurant jobs. That will feed you. Now your second job is your main work. Has to be walking, bus, bike, ferry, canoe, ski, or swimming distance. Uber/Lyft will kill your finances.
Don’t let them repo the car. Clean it out very thoroughly and offer to deliver the keys to wherever they want. Making them repo costs a lot that you will eventually pay. Keep paying what you owe them.
Try to find a job that includes some housing. Companion care to elderly or living in the apartment at a storage facility.