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Author: SlashdotAddict One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308369  
Subject: Re: Can you advise? (long) Date: 7/15/2005 6:29 PM
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Let me get this straight - he gets himself $9,000 upside-down on a new car to avoid a $1,000 repair bill....

He really only has two options if he wants to avoid repossession:

1. Sell the car for as much as he can and borrow the $9000 to make up the difference on the loan.

2. Continue making payments as agreed.

I'm a little bit confused by your statement - Everything else he can manage on unemployment - is he not looking for a new job NOW to replace the one going away in a couple of months? If he can find something comparable to his current job between now and September, then he should be able to keep making payments.
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