Basically I have an old car. All estimates given were verbal. After everything, the total ended up being 6k of work. I can finance about 3, which leaves 3 for me to make cash. In the event that I cannot pay the bill, what will happen?
I assume my car will get repossessed by the mechanic and sold at auction, but how will this affect my credit? Will this affect my credit at all? Has anyone had a similar situation where they were able to settle on the final bill? Any insight is welcome and appreciated
DIYer advice: buy a bicycle. I know that sounds harsh. Also buy some cheap tools and learn how to work on cars. When I was young & broke, my car wouldn’t start so I rode my bike to work in the rain. Great incentive for learning how to work on cars. If you have a long commute, then you need to move closer to work. You can’t afford a long commute.
My son is a doctor and rides his bike to work every day, even in rain or snow. He does it for exercise, but there you go.