What to do with broken car on finance?
Discussion
Love the incredulity here that someone hasn’t got a few K to drop like it’s nothing.
OP get an engine from a scrap yard out in. Ring round a few garages maybe even get a second opinion on the current engine. Ask the garages to source the engine for you they’ll probably have a few yards they use regularly.
OP get an engine from a scrap yard out in. Ring round a few garages maybe even get a second opinion on the current engine. Ask the garages to source the engine for you they’ll probably have a few yards they use regularly.
buggalugs said:
Love the incredulity here that someone hasn’t got a few K to drop like it’s nothing.
OP get an engine from a scrap yard out in. Ring round a few garages maybe even get a second opinion on the current engine. Ask the garages to source the engine for you they’ll probably have a few yards they use regularly.
+ If sourcing yourself try and see if the engine is coming out of a car that's had a shunt, which is a good thing rather than someone who's scrapped it because they were in the same position as you.OP get an engine from a scrap yard out in. Ring round a few garages maybe even get a second opinion on the current engine. Ask the garages to source the engine for you they’ll probably have a few yards they use regularly.
roz84 said:
I have seen those deals myself but my garage said be wary of this companies as you have no idea of the history of the engine being put in! Yes it's a 2.0 diesel
You have no idea of any used engine you buy and you have no idea of the quality of any rebuilt engine purchased.Chuck an engine in at a grand at VT it
Quality of the engine doesn't matter a joy of your getting rid
And I'm guessing a grand is a lot less than you have outstanding on the finance
I get the feeling however that you will still have this car sitting in your garage op in another 2 years fully paid for still broken and worth even less now
Quality of the engine doesn't matter a joy of your getting rid
And I'm guessing a grand is a lot less than you have outstanding on the finance
I get the feeling however that you will still have this car sitting in your garage op in another 2 years fully paid for still broken and worth even less now
This is what I would do in your situation -
Go onto the Kia Facebook groups and ask what people have done in this situation. You have said that this is a common fault, so others will have had the same situation as you.
Then once you have some garages that have been recommended, call them to inquire about having your car fixed by them.
I really do hope you can get this sorted, and please update us with any progress
Go onto the Kia Facebook groups and ask what people have done in this situation. You have said that this is a common fault, so others will have had the same situation as you.
Then once you have some garages that have been recommended, call them to inquire about having your car fixed by them.
I really do hope you can get this sorted, and please update us with any progress
Glasgowrob said:
Chuck an engine in at a grand at VT it
Quality of the engine doesn't matter a joy of your getting rid
And I'm guessing a grand is a lot less than you have outstanding on the finance
I get the feeling however that you will still have this car sitting in your garage op in another 2 years fully paid for still broken and worth even less now
I think you've probably got the most accurate answer here (I am now going to go and look down the back of the sofa to see if I can find a grand) - I really.dont want it still sat there in two years!!Quality of the engine doesn't matter a joy of your getting rid
And I'm guessing a grand is a lot less than you have outstanding on the finance
I get the feeling however that you will still have this car sitting in your garage op in another 2 years fully paid for still broken and worth even less now
The engine seized up when I was driving, literally ground to a halt on the way to work, engine cannot be turned apparently (sorry, I'm not very au fait with technical terms) - my garage took it apart bit by bit to check all the parts and have told me that it's seized (they might have said cylinder 2, I don't know) - bloody thing was running fine up until that point, had oil in, serviced correctly, no warning whatsoever!
roz84 said:
I have seen those deals myself but my garage said be wary of this companies as you have no idea of the history of the engine being put in.
Garage in "give us £eleventy to do a job someone else will do for far less" shocker.As above, find one that will offer a warranty on the job. Get them to pick up the car and take it to their premises (hence, try and keep it fairly local).
Fitting a brand new or reconditioned engine to this isn't worth the money, a used one with some warranty is fine.
How much finance do you owe, and how much is the car worth?
A quick look on Auto Trader, suggests they are asking about £2.5-3k for a car that age.
If the other posters are correct and the engine can be fitted for £1500, then your car is now worth at best £1500 net if you had it repaired and then sold. Would that cover finance? If so, then maybe borrow the £1500 to get it working if you can, then sell it straight away and clear the engine loan and the finance.
If it wouldn't clear the finance, then is the £1,500 above better than what a scrap merchant would give you, or someone buying it as spares or repairs? If so, I'd do the above anyway and get a small loan to cover the difference between the selling price and the HP owed. If not, then I think your best course of action could be to get a loan for the outstanding finance, pay off the finance with that to clear the HP and then sell to the scrappers/spares-repair.
Perhaps crucially, don't get another loan for a different car until you've paid off this one, or you could end up in a real mess. A few years of cheap-and-cheerful required to get back on track.
Good luck!
A quick look on Auto Trader, suggests they are asking about £2.5-3k for a car that age.
If the other posters are correct and the engine can be fitted for £1500, then your car is now worth at best £1500 net if you had it repaired and then sold. Would that cover finance? If so, then maybe borrow the £1500 to get it working if you can, then sell it straight away and clear the engine loan and the finance.
If it wouldn't clear the finance, then is the £1,500 above better than what a scrap merchant would give you, or someone buying it as spares or repairs? If so, I'd do the above anyway and get a small loan to cover the difference between the selling price and the HP owed. If not, then I think your best course of action could be to get a loan for the outstanding finance, pay off the finance with that to clear the HP and then sell to the scrappers/spares-repair.
Perhaps crucially, don't get another loan for a different car until you've paid off this one, or you could end up in a real mess. A few years of cheap-and-cheerful required to get back on track.
Good luck!
Edited by Cloudy147 on Tuesday 4th September 09:52
How long has the car been sat since the engine seized? There may be other things that need attention if it’s been a while.
Realistically, it sounds like a situation where you’ll lose money whatever you do, I’m sorry to say. What you need to do is work out which option will lose you the least.
Realistically, it sounds like a situation where you’ll lose money whatever you do, I’m sorry to say. What you need to do is work out which option will lose you the least.
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