Blown Engine $10k still owed. What do I do??

Posted by perilbeats@reddit | askcarguys | View on Reddit | 367 comments

Long story short me and my fiancé reluctantly purchased a 2015 Chevy Equinox last year at just over 92,000 miles on it. Put 6,000 miles on it in the last year and now the timing chain has stretched and we are being quoted $11k for an engine replacement with 64,000 miles. The repair is more than what we owe on the vehicle. Are we screwed? What’s my next step another quote? Crash it into a tree? Cut my losses and roll over the negative equity into another vehicle?