Presumably you bought brand new? f so it is probably under warranty, provided you have maintained it according to manufacturer/dealer requirements. Check this out first before going any further. Otherwise I can't see a way out with an obvious fault. Is it PCP financed? There is early voluntary termination, where you hand back but from memory you need to have paid off at least 50% of total balance owed--also the car still needs fixing before this could occur. This might be an option.

It's a Vauxhall Corsa D 1.3 CDTi (58). I bought it used with HP.

It runs but has a noticeable loss of power due to the fault. Would no one want to take it part exchange? I was looking into it and would I be able to get negative equity against the price of another car?

If not... I'm stuck.

Edited by Agentile on 11/05/2018 at 18:52

On the positive side, you're not talking massive sums of money, either to fix the fault or settle the finance.It could be much worse, although of course the acuteness of the problem depends on your personal financial circumstances.

I'd second the idea of taking out a bank loan, or perhaps a small additional advance on your mortgage, if you have one, for "home improvements" (if they still do such a thing).

The latter of course depends on how much you owe, the current interest rate and what additional fees an advance might attract. The beauty of that option is that you can pay the money off over a much longer period than a loan.

What about borrowing from friends or family? They say "never a borrower or a lender be", but if a basic contract is drawn up with a schedule of repayments, then signed by both parties, then there's less scope for falling out.

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I'd get a second opinion. Last thing you want is a mechanic who's prepared to throw parts at the problem at your expense. Chances are it could be either or none of the things he's suggested and that it could be much cheaper to repair.