Core Insights - A significant financial burden arises from a $1,600 monthly car payment for a 2019 Audi Q8, which is unmanageable after an engine failure requiring a $20,000 repair [1][4] - The individual has a total consumer debt nearing $100,000, including student loans and credit card debt, which complicates the financial situation [2] - The vehicle's warranty only covers $7,000 of the repair costs, leaving the individual responsible for $13,000 out of pocket [1][4] Financial Situation - The individual earns $65,000 annually while owing approximately $65,000 on the vehicle, indicating a mismatch between income and debt obligations [1][3] - The loan for the vehicle carries a 12% interest rate, and the individual initially attempted to rent the vehicle to cover payments [3] - The previous vehicle was stolen, and insurance paid off the balance without providing any cash, adding to the financial strain [2] Options and Recommendations - Selling the Audi without repairs could yield about $30,000, but would still leave a $35,000 loan balance [5] - Repairing the engine would require $13,000 out of pocket but could allow for a sale closer to market value [5] - It is advised to avoid selling to a dealership and to involve a trusted person in the repair and sale process [6]