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Took out a loan on an expensive used luxury car at 18. How do I fix this?
Took out a loan on an expensive used luxury car at 18. How do I fix this? 2 years ago, I took out a $15k car loan to purchase a used 2014 Mercedes C class with 50k miles. The loan is for 3 years, $400 monthly at 2.9%. The total price for the car was about $20k, and I paid a $5k down payment. I owe about $4k now. The vehicle has about 110k miles now. I wrongly justified making the purchase for a few reasons. Firstly, s...
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