Get a fire extinquisher. NOT the WallyWorld/just oK-Mart?/Auto Clone $3.95 one. A REAL 5 pound fire bottle type. Would you rather spend $70-$200 on a good fire extinquisher OR Watch your baby go up in smoke as you stand around helpless?
Let er burn. I'm serious. Fire isn't my trade. I can replace the car. It's insured. I can't replace me. Can you imagine feoa without me?
Some people have cars worth $$$$. And if you put it out when it's a small fire, it's not that dangerous.