Do I still have to pay if I have a car loan and the engine gives out?

I was driving my vehicle that I financed when all of the sudden, the engine just blew up. Do I still have to pay for the car loan?

Apr 27, 2021
Answer provided by
Eric Schad
Answered at Apr 27, 2021
“If your engine blows up on a financed car, you’re still on the hook for the payment. Unfortunately, your car insurance won’t pay for the damages either, as even full-coverage policies won’t cover this.
In the future, you may want to consider getting an extended warranty that will cover a blown engine, especially if you don’t have the money to pay for the repairs out of pocket.”
Car Loans

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