There are options when you have a major engine/transmission failure. Depending on he age of your car and how it fits into your current and future needs. Most of the time it is more cost effective to repair your vehicle than to replace it. On top of the monthly payment expense, there is excise tax, sales tax, and higher insurance costs to contend with.
Installed a used or rebuilt engine or transmission could make sense. We have transferable nationwide warranties available that last up to 3 years or 100k miles. It also includes labor costs in the event that there is a problem with the replacement unit.