Hi there,
I'm in a sticky situation. I bought a new car in December after my 10-year-old car broke down. I put $3k down and the dealership had me finance 32k once everything was said and done with interest and a maintenance plan for a 2023 Nissan Kicks. The car is likely only worth around 22-23k. I got the car because I currently live in a city where I need one for work, and can afford it.
However, I've gotten a new job offer, I'm considering moving to a city where I wouldn't need a car at all - and I'd like to avoid making payments on a car I wouldn't use.
I understand it may be stupid to sell it right now regardless, until I can make more payments and get the loan down. But wanted to ask: what are my options?
original posted by desperadosinatra to r/personalfinance on Tue, 27 Feb 2024 20:05:05 GMT.