Submitted by No-Cow-3775 t3_zy3oue in personalfinance
I’m 19 and I understand I made a very stupid mistake by taking out a loan on a 20k car. Regardless I bought a car long story short my engine is toast I can repair the engine for about 7k total but I have no savings which I know was a mistake I’ll never make again. And due to me not having transportation for work I just lost my job. I’ve been nonstop searching for my way to get a entry level tech sales job as I can do that remotely. I’m also $1500 in credit card debt all of this debt has me very stressed and I feel stuck. I’ve called navy federal and the dealership and since it happened just 4 days after my warranty expired there’s nothing the dealership can do and since I’m so early into the loan navy federal also can’t do anything. My plan is to keep educating myself to start my tech sales career ASAP and pay off my credit card debts and get a personal for repairs on a new engine. But I’m just putting myself deeper in debt or I could save up and get a 1500 beater and still pay car payments on something I don’t even have. What else could I do?