$500 Beater Blew Up. Now What?

Posted by verygoodreason@reddit | askcarguys | View on Reddit | 40 comments

Hey guys. Just being upfront I did use AI to shorten this because it was originally way longer.

Long story short, I bought a beater minivan about 6 months ago — a 2000 Mazda MPV — for $500. Check engine light was already on, but for that price I didn’t care. It drove, and my plan was to run it into the ground without putting much money into it. And that’s exactly what I did lol.

About a week ago on the interstate, it started losing power, then making a weird noise. Oil light came on, then battery light, then I lost power steering. Pulled over and it was smoking. Had it towed to a shop and yeah… no compression. Needs a new engine. I’m scrapping it.

Now I’m trying to figure out what to do next.

I’m 23 with poor credit, living with my parents and no real bills. I’ve got a couple thousand saved and need a car for work (Uber is like $50 one way).

Options I’m considering:

- Another beater

- Financing a used car

- Financing or leasing a new car

I’ll be honest, I want a new car — mainly for the reliability, warranty, and features. Payment isn’t a huge issue, but my mom thinks it’s a bad idea with my credit (she’s probably right). Leasing worries me because I drive a lot. Another beater feels like repeating the same cycle, and my girlfriend thinks it’s dumb to keep putting money into beaters when I could use that toward a down payment on something newer. Used car financing seems like the middle ground.

What would you do in my situation? I need something reliable but don’t want to make a bad financial decision. I’ve thought about getting the cheapest new car possible and paying it off early, but Reddit seems pretty against that.