I have a 2009 honda accord with 106,201 miles and want a loan with it because my engine died. I need a new one. Suggestions?

I have a 2009 honda accord with 106,201 miles and want a loan with it because my engine died. I need a new one. Suggestions? - 1

Added (1). Pretty much my car is not drivable it at the shop now. I live in North Carolina

Yes, you will need a new engine or it will become a nice, southern yard ornament. A new engine is the cheapest way to go if you like the car and it is still very serviceable. Many Hondas and other japanese cars last many more miles than American made. However, if you can easily afford to pay for something newer, you might just consider it to be a better use of your money. Everything is limited in it's lifespan, and with asomething 2009, you do not know, even after replacing the engine, what kind of moneypit you may end up with by keeping it. Your decision.

Bummer. If it were me I would junk it and spend the money on a down payment of a 3-5 year old used honda

Perhaps you are leaving out some detail, but you are in a bad situation. You can try to take the title to a bank to see what type of loan they would give you, but it would have to be to fix it. You sell the car to a mechanic for whatever you can get out of it and then you buy a new car with a new car loan. If you still have a loan on your old car you would have it towed to a dealer who can roll the old loan into a new car loan.

You will not get a title loan against your vehicle because they will inspect it to verify if it is in running condition or not. To get a loan to repair it will require a personal line of credit type of loan from a bank or credit union. If you have no credit, or you have poor credit, you're out of luck unless someone will cosign a loan for you. If you still owe money on the car, don't expect that to happen.

The only loan you'll be able to get from a bank or other lender is a personal line-of-credit. You won't qualify for an auto loan to buy an engine for a vehicle.

Just be aware a line-of-credit loan is more difficult to get compared to an auto loan.

Although not advisable, another option is a credit card loan. But you'll be paying a hefty interest rate for the privilege of borrowing on a credit card.

I'm curious to know why your engine died? 106 000 miles is not much for a Honda engine. Are you sure it needs replacement?

Ok

Dude just sell the parts & buy another car

You need the advice of a charlatan, talk to trump

You NEED a replacement engine (not necessarily a new motor… But a motor that is "New to You". Your "junk yards" are actually Auto parts salvagers… THE AUTO WRECKERS ARE THE PEOPLE WHO CRASHED THE CARS… Auto salvage yards sell all the probably still good parts on those cars CHEAPER THAN BUYING NEW. The cars in their yards have been in car accidents.
. You need a car that has not been hit in the front end… Or dumped in a lake or ocean or caught on fire.
. Most of them are such a car. Many auto parts on the cars are still good for many more miles. The yards sell used parts. Nobody can sell JUNK because there's no buyer for junk.
. You ask at the AUTO SALVAGE YARD BY APPEARING THERE IN PERSON
(they are NOT ONLINE(nor need to be) as they deal with CASH so you got to be there in person.
AUTO SALVAGE YARDS get special parts books from the factory that tell them what parts cross over from one year to another. New car dealers do not get these books as they deal with new parts only… So they do not know this stuff. AUTO SALVAGE YARDS can tell you in person what year cars and models are identical to yours in that the motor "bolts right in". You get that list, and then you know(whether it be from their yard or you see a used vehicle on the street with a FOR SALE SIGN IN THE WINDOW & you can get it maybe cheaper there and maybe run it and know the motor and transmission works for sure(because it does run and does not smoke blue out the tailpipe) The engines in the cars in the salvage yards, it is a gamble that it is 100% healthy, but good chance it is…& for the low price you can only lose your time for the effort of installing it and finding out you have to remove it and fix the motor… Maybe with new piston rings or a valve job.(if you pay a mechanic to do the work then you lose as you have to pay him to install it twice as nobody works for free. Still the cost is less than a NEW CRATED MOTOR.
. EVEN THOSE PEOPLE who say it may be a MONEYPIT. That term is dated. Your car cost $20,000 new in its day. That is a LOT of repairs to get to $10,000. New car costs are even higher.
. Everything has a limited Lifespan… Including your life. My Honda(which is older) can easily go for another 25 years. Yours can easily do another 15 years at least (unless you never do the minor service checks like check for oil, coolant, tire pressure, brake pad wear… Just the little things that do go lower or wear out on every make of car(or have a car crash). New cars just cost more and do not have a reliability history… For that "New" car.
. Your engine died? Maybe because you never did the simple "its the drivers duty to check" the oil and the coolant level in the car before starting the car one morning; before starting it up and driving off? It is a 5 minute job TOPS.
. Kind of like feeding the horse and watering it before you gallop off across country. You know, and check to see if it has horseshoes on its hooves. And arrows are not sticking out of it.
. If you can't do the minimal checks then it costs you another horse… As that one dies. The car died. Your fault.
Same idea.
. Cept cars cost alot more to fix.
. You are going to have to do without or buy a $300. OLDER BEATER CAR(paid in full; CASH) from the newspaper from a private seller. No cash? "F" off then. That is the way they roll.
. Hoof it on foot and earn the money. That is the way we ALL did it.
. That is how life works.
. I been through those but pains. You got to look at it realistically.
You can afford what you can afford. Even if it is a pedal bicycle.