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Re: Re: Bought car I can’t afford

#21198
Anonymous

    It’s not that you “will lose 10 to 12 thousand dollars”.  You *already* lost 10-12 thousand.  You are likely upside-down (you owe more than the car is worth).  Get rid of the car.  Finance the difference between what it is worth and what you owe (maybe a personal loan from a credit union).  Buy a car for cash.  Trade up when you can afford it (i.e. when you can pay cash for the car).