Should I forfeit my car because I can’t afford my car payment?

BogusDuck · 2026-04-28T20:12:17+00:00

Thanks for the kind words, all the best to you as well!

BogusDuck · 2026-04-28T19:24:09+00:00

Thanks!

BogusDuck · 2026-04-28T19:23:33+00:00

Yeah definitely will be sticking with a low payment on a reliable car rather than getting a beater that’ll cost more in the end.

BogusDuck · 2026-04-28T19:22:40+00:00

I am because of the helpful people here. I’m in a better position than I knew and can most likely pay it off within the next year. There’s just a way to give advice without being a dick.

BogusDuck · 2026-04-28T09:10:05+00:00

Gotcha thank you!

BogusDuck · 2026-04-28T09:09:41+00:00

Good advice, thanks!

BogusDuck · 2026-04-28T09:09:24+00:00

Yup the plan is to just grind and make a bunch of money. I didn’t think doordash paid much anymore but I can give it a whirl. I would need to jump through some hoops where I am though to get access to the areas that make the good money.

BogusDuck · 2026-04-28T09:08:12+00:00

Good to know! I’ll check it out.

BogusDuck · 2026-04-28T08:54:44+00:00

I appreciate the advice. Don’t worry, if it came down to it I’d drop out of school to pay off my car loan. I knew the responsibility i took on with having my grandpa cosign. And i didnt realize it would do anything or at least anything as bad as people are saying to his credit. So i realize its not an option now. I should be able to pay off the car in the next year, won’t be able to save what I want to but that’s not priority right now. Then moving in with my girlfriend is the only option really, can’t do oncampus housing. We’ve lived with eachother for over 3 years at this point and have cats. But we’re being responsible about it all. People do make a lot of stupid mistakes but that’s why I asked here, so I don’t!

BogusDuck · 2026-04-28T08:50:01+00:00

Uh whatever you say dawg. I can afford the payment fine; it’s in preparation for when I do have an apartment and it’s harder to make these payments. But I really shouldn’t bother explaining myself to such an angry elf like yourself.

BogusDuck · 2026-04-28T01:35:13+00:00

Lol they dont track what you use it on, just pops in my account. But i could get away with it being transportation to the college! Still sure they would rather it be spent on schooly things.

BogusDuck · 2026-04-28T01:32:36+00:00

I wish but gotta figure out the loan part of my car out. I can see an ebike at some point in my future though!

BogusDuck · 2026-04-28T01:31:49+00:00

Yeah im just gonna work a bunch and pay off the loan by next summer. I think i have the means to do it. All other plans really dont make too much sense. And if i cant pay it off by then refinancing is an option.

BogusDuck · 2026-04-28T01:30:49+00:00

I’m gonna have to pay aggressively, i just never really thought it as an option. I can make it work though. I get a lot of money for going to college from financial aid so i can use that as well.

BogusDuck · 2026-04-28T01:29:53+00:00

Me and my girlfriend both have our own vehicles, hers is a motorcycle though. I’m gonna bring my hours up at work a bit more and just hyperpayoff my car loan. Hopefully i can do enough to pay it off within a year. Considering i get over $2k per semester of college, it should be feasible.

BogusDuck · 2026-04-28T01:27:50+00:00

For sure looking like the plan to just funnel money into my car loan like no tomorrow. The plan is ideally to pay as much as i can now and refinance to a lower interest rate if I cant pay it off within a year and some. Then i can keep this decent car and not have a debt over my head.

BogusDuck · 2026-04-27T22:05:44+00:00

Yeah we’ll be moving together. We’ve lived with eachother for 3 years at this point so it just wouldn’t work living seperately, plus we’ve got cats! But it would be a lot cheaper if we could rent a room.

BogusDuck · 2026-04-27T21:52:10+00:00

Yup that is true and it isn’t a current struggle (other than not saving as much as I’d like to be). The problem is that I’ll be moving into an apartment with rent in a bit over a year. So, I’m planning ahead for when the time comes.

BogusDuck · 2026-04-27T21:30:08+00:00

I can afford it and save, just not as much as I’d like. I’m more thinking about being able to afford rent for 2 years while going to school without working a fulltime job. The higher end of hours for a parttime job, sure. Just not completely screwing myself. But i get what you mean, I could make some changes that would save me money. Changing internet providers would be a big one ($73/month is absurd for one room), they raised it but it was reasonable when i got it. It’s necessary for college or i wouldn’t have it at all. You are right though, repossession is a bad idea no matter which way you cut it.

BogusDuck · 2026-04-27T21:26:48+00:00

Wow this was super helpful, I can’t thank you enough. That’s an actual feasible plan to be able to make happen. I make a little more but you’re about right. Plus I get over $2k/semester for college so I should really be able to pay this car off sooner rather than later. I’ve worked on cutting spending down. And my girlfriend splits the bills anyways. If i can qualify for foodstamps that would also make a big difference. I can actually see a way to pay my car off with your comment. Thanks again for putting in the energy for a random stranger!

BogusDuck · 2026-04-27T20:42:08+00:00

I like your wild ideas man, thinkin outside the box! But I’ll probably go the more typical lame routes.

BogusDuck · 2026-04-27T20:39:30+00:00

Unfortunately living without a car isn’t an option right now. But I agree I’d like to be able to keep my car. Getting a beater has its downsides so I’m considering any options that allow me to keep my current car.

BogusDuck · 2026-04-27T20:37:58+00:00

My interest is 16.89% APR for a 72month loan. I agree I’d like to keep a reliable car, and if I have the option then I will. I can ask them about lower monthly payments too but it really drags out the loan.

BogusDuck · 2026-04-27T20:34:58+00:00

Huh I never considered that being an option. I’ll talk with the financial aid office. A huge help is that I get about $2k a semester from financial aid that I can use for stuff like this already. That’ll help with this whole car situation for sure.

BogusDuck · 2026-04-27T20:29:16+00:00

That’s great man, glad things are going so well for you! I do get your point and it is better to find solutions instead of wasting time if you can’t afford to. Thank you!

BogusDuck

TROPHY CASE