Thank you so much for your response & advice. My monthly payment is $495, but once I find a stable job (that’s also a long story… the job I took to move down here ended up being an incredibly toxic work environment that I couldn’t stay in) I’m planning on refinancing it regardless. So this all happened very fast due to family emergency… I thought I was moving here and starting the rest of my life, and so when we were looking at a car, which was an absolutely necessity and I needed ASAP, we were looking at ones that we’d imagine having for a while as opposed to something that could just get by. Her parents had a really good experience with Carvana and so we used that, I didn’t grow up in the US and so this was all kinda unfamiliar to me. This was the only Bolt available for $23.5k, plus all the fees it ended up being around $26k on the loan. Had used all my savings to move, thought I had a stable job I’d be at for years, and thought I had the stability of a partner… we paid basically nothing down and took a high % interest loan, something around 11%. I recognize how stupid it looks now…. it didn’t feel that way at the time, it just felt rushed. You can imagine my absolute dismay the first time I looked up the KBB value… I was shocked. Carvana said they’d give me $10k for it! The mindset when we got the car (and no… I’m the only one on the title) was that we just needed something reliable that we’d invest in, the price didn’t matter bc I thought I had a stable job making $75k… again, it was just so rushed… I hope this answers your questions, thank you again for your kindness.
Thank you for your advice—I really appreciate it. I have some things I can sell and so I’m not on the verge of homelessness fortunately. I think you’re right that the best option is to just keep it, find a stable job, and refinance it as soon as I do. And then just ride it out as the consequence of this dark period of life caused by trusting someone too much. It’s really difficult right now to not be able to see the light at the end of the tunnel. I appreciate your positivity, it’s motivating; I’m going to figure out a way to work multiple jobs and figure out the income problem. I’m just hoping I have something left of my 20s by the time I’m up and stable again.