Need some Help
Financed an '03 Jeep Liberty Sport about 3 years ago. I still owe about $3000 on the vehicle and yet I'm experiencing engine failure. Took it back to the dealer and I was quoted $7400 (before taxes) for repairs on the following: Engine replacement, catalytic converter replacement, muffler replacement, Oxygen sensor replacement, serpentine belt replacement, and a coolant overflow tank replacement; plus the cost of a "used" engine (I've heard this can cost between $1500 and $4000). Like I said I still owe $3000 on the vehicle... am I better off paying for all these repairs? Or would it be better for me to try to trade in my vehicle as-is? Or maybe should I try and pay it off and part out the vehicle? Please I could use some help here.