I financed a 2009 Dodge Caliber sxt. The blue book rating is at $3000 and I was charged $14000. I have spent well over $500 every winter getting the car fixed. Every winter the throttle body light comes on. I have paid other people to fix it I jdbyrider. Nothing has worked because it went down again this winter. I paid well over $8000 already and I still have $6000 to go. But I can not do it any more. Should I file bankruptcy or is there a better way to get out of it.
This is a complicated question. Whether or not there is a better way to get out of this bad deal depends on knowing many more details about the transaction that you shared in your question. Filing bankruptcy just to get out from under this one obligation would not make much sense, unless there were other reasons in your financial life making a fresh-start bankruptcy a good option to consider. I recommend finding a qualified attorney in your area who offers a no obligation consultation who can learn more about your specific situation and make recommendations/give you options.
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I agree with everything my colleague has stated. It also sounds like this car was trouble from the start. That makes me want to look at the "lemon laws" in your area. There's the additional issue of paying so much for this car. When did you find out about that? And did you raise this issue with the seller? All these issues need to be addressed before you make any decision. Good luck.
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