I’ll start by saying I am truly not educated in this whole thing, so it may all sound dumb. But this is what got me in this mess to begin with.
So 3+ years ago at the ripe age of 19, I am sick of having to fix my car constantly, so I decide it’s best to go buy a brand spanking new one. I walk out with a near 30k/6 year loan. My grandmother co-signed for me, bless her heart, she thought she was doing me a favor. 3 years in a I owe a little over 15k, and guys, I’m miserable. This car is a piece of work anyway, I’m on my third transmission (everything has been under warranty so nothing out of pocket at least), and am stuck in a situation where I literally can’t go live on my own/cut hours at work to go to school because I’m paying $420 a month for a car I do not want. Is there anyway out of this, at all? I’ve considered trying to refinance to lower payments but I’m at 3.79% and I’ve had several people tell me I’m not getting any better than that. I’d love to hear any type of suggestions because I’m really at a loss. I don’t want to keep putting my life on hold and not bettering myself because of a car.
Submitted March 16, 2018 at 12:49PM by talktorobot http://ift.tt/2HFgfN9
