I regret financing my first car and then some.

So two years ago I got my first car, 2018 Nissan Kicks SV.

I was younger and dumber put zero down, had no credit (didn’t have a credit card or anything) just my big boy job.

Plan was drive it for a year build up my credit and make as many payments as possible then roll it into something else with a down payment, my credit built etc

(Imma Exploration Diamond Driller, 24yrs Old)

Right after getting into the Nissan we had shortage of work contract ended yatayata

After two car insurance cancellations and one driving suspension I’m non standard

(Wish they taught you how bad cancellations were in school I thought my car payments took priority)

With its current mileage it’s worth around 17-18k.

But I still owe $28,867 since I’ve been making minimum payments due to my troubles ($667 monthly)

Brokerlink sourced car insurance for me but only can pay either $5000 for 6 months or $10,000 for 1 year.

I’m now $10,000 negative equity, $667 monthly for the car and car insurance is $5000 for 6months or $10,000 for 1year. (It’s just wasting away in my driveway)

I have a daughter with Type 1 Diabetes sht ain’t cheap nowadays then add that on top.

What tf can I do.

I’m about to just buy a dirt cheap second hand car and just hide my money from Scotia Dealer Advantage.

I’m from Northern Ontario and this SUV gets stuck in my driveway then try going anywhere in this province.

Please help me lads. 🙃