2014 Nissan Sentra Transmission bad/upside down loan
#1
08-24-2021, 03:05 PM
2014 Nissan Sentra Transmission bad/upside down loan
Hello,
I am currently in quite a sticky situation. My 2014 Sentra, which I still have about $1.4K left on financing, recently had its transmission quit.
At almost 150,000 miles the value of the car with a good transmission is less than what it would be to fix and am asking for some advice/what would you do?
I travel heavily for work and need a car ASAP. I have an offer for an older 03 Honda Accord with approx 126k miles on it for around $2500 (and have had great experiences with an 02 accord in the past, ran great until a tree fell on it at about 210k miles). Fixing the Nissan would be $3500 minimum (with a one year warranty).
Here’s what I see my options are (and any other ideas are greatly encouraged!)
-fix the Nissan and drive it until it’s paid off then go from there (I’d probably drive it as long as I can).
-buy the Honda and sell the Nissan for parts once it’s paid off.
-try and get a trade in and Finance something else. (At first glance the value of my Nissan seems to foreshadow a very small return for the car)
I know I’m upside down on the loan and am taking the mistakes I’ve made to heart, but appreciate any and all insight!
Thank you kindly
I am currently in quite a sticky situation. My 2014 Sentra, which I still have about $1.4K left on financing, recently had its transmission quit.
At almost 150,000 miles the value of the car with a good transmission is less than what it would be to fix and am asking for some advice/what would you do?
I travel heavily for work and need a car ASAP. I have an offer for an older 03 Honda Accord with approx 126k miles on it for around $2500 (and have had great experiences with an 02 accord in the past, ran great until a tree fell on it at about 210k miles). Fixing the Nissan would be $3500 minimum (with a one year warranty).
Here’s what I see my options are (and any other ideas are greatly encouraged!)
-fix the Nissan and drive it until it’s paid off then go from there (I’d probably drive it as long as I can).
-buy the Honda and sell the Nissan for parts once it’s paid off.
-try and get a trade in and Finance something else. (At first glance the value of my Nissan seems to foreshadow a very small return for the car)
I know I’m upside down on the loan and am taking the mistakes I’ve made to heart, but appreciate any and all insight!
Thank you kindly
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