I currently am financing a 2019 dodge charger sxt with 70k miles I currently owe 21k on it the apr was 24% I got the car co signed by my father I’ve been paying for it since 2023 I’m not sure what I should do right now payments are 723 a month I know the dealership was eating good when I got the car but what can I do in this very moment because o feel super stuck in this car.
Auto loan debt advice
byu/Standard-You9221 inpersonalfinance
Posted by Standard-You9221
3 Comments
Refinance if you aren’t underwater. If you are underwater, pay as much as you can as quickly as you can.
Have you tried to see if you can refinance the loan?
Sell it and take the L. Consider it s good but expensive learning experience.