No. of Recommendations: 0
How bad is the transmission leak? Can you still drive tha auto? How much transmission fluid could you buy using the money it would cost to repair the transmission?

And you forgot to ask about how much he could afford for a new tranny after his transmission goes... YIKES!

Is the car worth the repair? Is there anything else wrong with the car? Can you walk or ride a bicycle to work instead of driving? Could you carpool with your co-workers instead of driving?

This is a repair you shouldn't let slide. Having the transmission rebuilt is a lot more than the fix you'll probably end up having.

And...if you need to charge it because you dont' have an emergency fund, we'll dance another happy dance when you get that paid off. After all, a couple hundred is a lot less to pay off than a maxed out card. This is a case when it might be better to use the card. an afterthought, could you ask a family member or a friend for a small loan? My brother has had to do this since his CC debt is awful.

Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.