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Terrible car repair debt

Reddit r/personalfinance·u/Randomaccount2727373·about 1 month ago
#fchVCi4h
#repairs#total#repair#debt#article#discussion
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Terrible car repair debt I’m very close to be being buried under car repair debt with horrible biweekly “lease to own” payments on the repairs. Between 2 separate lenders I have 1100 for new tires after they blew out on me and as of this week 1300 for brakes/alignment/inspection/oil change with additional major repairs being done which I’m expecting to cost 2-3k but could be double this worst case scenario. The car itself is being financed for 25k 6.99% bringing my total monthly payment to 500. Between the repair loans and car payment I’m at a total of 750 a month alone without factoring in upcoming repair costs. I make a decent income of 40k salary + commission bringing my pre tax yearly income to roughly 60-65k which I expect to be 10k higher this year. This time of year is where I tend to make a bulk of my commission usually bringing home a minimum of 4000 and upwards of 6500 total monthly income which will help my situation.…

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