So, around June I was thought it would be cool to get a newer car because my friends were talking about newer cars... and for some reason a bank accepted my loan request on a $30,000 car. I now finance a 2018 Ford Mustang GT, used, has one accident (before I had the car) no damage of any kind now. I am a single 19 year old male. I live with my sister's ex and I pay $450 a month in rent, which I can barely afford. This living situation is not sustainable as both my brother and sister have moved out from this house and my sister's ex and I may not be able to continue to pay rent.
Here is a breakdown of my monthly finances: * Income (after taxes): ~$1100 * Rent: $450 * Car payment: $570
I don't have car insurance because I can't afford it, so I don't even drive the car now. I just bum rides to work at my night shift job , but normally it's about $300. I understand how bad this is because the bank needs you to maintain insurance on the car.
I am trying my best to get rid of this car. I have it listed on Facebook market place and Let Go. I tried trading the car in, but they wouldn't let me since I would have too much negative equity. I have $27,462.04 left on the loan. I am not really sure how to even sell the car privately either...
I make about $1,100 a month (after taxes) working nights at Wawa. I get paid $10.93 an hour and have been working there for 2 years. I work normally around 30 hours a week.
I know this was a dumb thing to do, but I did. I regret it every single day. I don't need more people telling me I'm an idiot. I would just really appreciate any advice that I can get.
Submitted September 23, 2019 at 09:37PM by Eventuality_ https://ift.tt/2kJXCC0
