You've outdone yourself this time, sir.At least, thats what I keep telling myself.I have a car, and like most people, it needs some help.On Friday, the engine seized.It is a 2005 Saab 9-2X (Linear) with 96,000 miles.The twist to this story is a fun thing I colloquially call "negative equity". I hear its pretty popular amongst the young crowd.I still owe $9,000 on my large paperweight.The cost for an engine (low miles) replacement is ~$5,000.Is it better to: A) invest my hard earned dough into repairs? B) find a shop/dealership that is willing to give me $4,000 for it (and not laugh at me)? C) repair the car, drive it a bit, then sell it when my negative equity isn't so grating?Option C seems to be the adult choice.But Option B makes me cringe less because I'd be spending my $5,000+ on the negative equity and getting out from under.This option would, of course, leave me without wheels. But thats a different story.I just want to make sure I make the best decision for the long term.Thank you all in advance for your mental magic.Cheers!
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