car with loan is dead
my best friend has had some tough luck lately. he bought a car that was worth maybe 3k last fall and had to take out a loan for it. last week the motor died and the final bill is around 3k for a replacement motor. agh. what to do? he could walk away from it, not fix it but keep on paying off the loan. or put the 3k towards another car and hope that car does not fail. or perhaps lease a new car for 3 yrs or so. or fix the car and assume nothing else major will fail. hmm, any ideas?