He Owes More On His Car Than He Makes In A Year!

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[@MalkaLand1996]

It’s so important to live within your means, not to go along with everything you’re pressured to do or have!

[@74_pelicans]

I mean 34k for one semester is a want not a need?

[@Blaze0071]

​@@74_pelicanswhich college charges that much for one term?

[@kbanghart]

Ivy League ​@@Blaze0071

[@Jes1919]

@@Blaze0071that’s wild. I am almost done with college and have 11k in debt and I did all online. Not worth going in person to be so much more.

[@the_awakening6044]

​@@Jes1919plus in my opinion it's best to do 2 yrs of community college first then transfer credits to a 4 yr university, it'll save 10s of thousands of dollars

[@sotl97]

So glad this kid called in. He can get this fixed and stop the bleeding.

[@coltonkay9000]

He's not a kid He is/was an ignorant man

[@derekalexander7034]

34,000 for ONE SEMESTER???? shits actually robbery

[@syundown6005]

I'm almost certain that's the tuition per semester for USC, that's why I refused to go to those kinds of schools, it's literally a designer brand but for higher education. I did just fine going to community college first and then transferring to a much cheaper university. I know some students from my school who even got chosen when their competition for the internship position were UCLA and USC students.

[@suemitchel-runow3566]

Very good 😊​@@syundown6005

[@Giopowered]

That’s below average. Top schools are 60k a semester

[@kianna270]

@@Giopowerednah go to a top rated public school in your state and you get the same education for 1/8th the cost. I got my whole education for 35k from a top 50 public school, our classes modeled off Ivy League classes and mind you, they’re almost all the same. Florida has some cheap schools too, even for out of state people. Ivy League is okay if you get a full ride, but if you don’t and get a low demand major, you’re set to be in debt for the rest of your life.

[@xoica]

@@Giopoweredthere’s so many ways to get financial aid or a cheaper tuition though it still is outrageously expensive

[@lesliephinney7617]

Teach your kids about money, and the art of delayed gratification

[@pattijesinoski1958]

I was 50 years old b4 i bought a brand new car for cash. Even being debt free for years prior, owning my own home for years. Brand new car was never important. Still drove nice paid for used cars prior. People have too much emphasis on "NEW". Now 20 years later, still debt free. Never had a car loan for 40 years.

[@whitney6641]

Should not be able to get approved to buy a car more than your yearly salary!

[@user-do2jp7eb3e]

The salesmen at a dealership doesn't care if you can afford it. The dealership only wants a commission.

[@marcelslofstra2157]

@@user-do2jp7eb3eSince when is it their job to manage your money for you?

[@marciawilli6744]

Absolutely true!

[@marikiemarie7622]

He had a co signer. They are going to just let a young person with that pay. I was 24. Made 67k a year. I couldn't get a first car without my dad. I had no credit or enough. I was only getting a 5 year old Honda civic. And could definitely afford the 402 a month payment easy. Lol my dad still had to co sign. I was 32 before I was ever able to drive off the lot with a brand new car. 3miles only one person to actually drive it. Me. It was shipping to lot. Rolled off. I got in and left.

[@Swad-cf8nc]

@@marikiemarie7622Even making 64k a year is insane to buy a new vehicle when most cost 30k+. God I make 130k as a DBA and would never spend more then 10k on a vehicle. 04 tacoma and a 08 rav4 all anyone needs.

[@MelywoodMedia]

His sales job pays what I made selling cars in the 1980's in my 20's without a degree. I owned an $800 car.

[@billymabum3514]

You made 36k a year in the 80s and drove that ?

[@yourmanzach2307]

No way in hell you got 32k in the 80s that’s like 150k today

[@MelywoodMedia]

@@billymabum3514 I didn't make 30k until the 90's. I drove a stick shift 2 door base Sentra with no radio or A/C while I saved a down payment for a house

[@MelywoodMedia]

@@yourmanzach2307 I made around 15 to 20k in the 80's. I think it was 1993 or 1994 when I hit $30k. I had a normal job you can get with high school diploma.

[@mariacelestebustillobarraz3583]

​@@billymabum3514So, what?.Here we go again, spend what others tell you to spend!

[@cynthiaziegler6558]

Truth, we need to be teaching kids about the hard truth of money. College is not it and as a teacher I push tech training if they are interested

[@MTGHedgefund]

College is most certainly it for a lot of people, just not everyone

[@Blaze0071]

​@@MTGHedgefundtrue

[@AJ-ew7kr]

Honestly, if you can’t afford it… DONT GO. Aim for your kids to go and join a trade, start working cash, get the training move to an established company, see if you can do community college, then join a union. I mean it’s sucks the hand that you’re dealt with but seriously. Who things getting to a $70,000+ loan is a good idea. “But but Everyone should get the opportunity” well thought luck, find a different LOGICAL PATH

[@eddiefniii]

@@MTGHedgefunduhhh not it most certainly is not. I personally know electricians. HVAC. Plumbers making over 200k a year. We need them. We don’t need influencers or someone with a PhD in 18th century medieval literature

[@MTGHedgefund]

@@eddiefniii thanks for confirming your absurd brainwashing from fox news. Scientists, teachers, doctors, vets, lawyers, nurses, engineers, I could do this all day. You say no college? Then enjoy living in the stone age. What a dumb take.

[@carmenwallace3364]

I feel so bad for these young people , it is hard as it is to live. My son went to a local Comunity college got his degree in bussnes , yes he has a student loans that he is working on paying off but it is less than 5,000 and I told him to work on paying that off before he moves out from home ☺️so when he is on his own he can pay his bills . He has a used car and he is almost done in his career to be a commercial pilot ☺️ . We have to help our kids and we all have to make wise decisions . Not works like that all the time but we brush our selves up and keep on going ..

[@christinechandler5690]

As Brit I cannot understand the amount of money Americans pay for cars. It's unbelievable for a chunk of metal 😅

[@masteroogway2853]

Hopefully you recognize the people calling into these shows are at the extreme

[@komentatorius69]

But they are muricans... They wouls get into paying that for fixing their shitbuckets...

[@michaelsnider2484]

As an American, me too!! Both our cars were purchased used and are 20 years old.

[@JM-kn9dh]

Serious question, dont many Brits also have very nice, luxurious cars?

[@marcelslofstra2157]

⁠​⁠​⁠​⁠​⁠@@JM-kn9dhSome people sure do. But normal people drive normal cars. The Vauxhal Corsa is usually one of the best selling cars. Which costs between 1 20-30k. (20k pounds is about 25k in dollars) Also, there isn’t this weird expectation that everyone has to and gets to drive a brand new truck or Tesla. There’s nothing unusual about a Brit driving a 10 year old Golf. Not everyone drives a jaguar or a rolls. Still, around 60% of new cars áre financed, either fully or partially. That still leaves 40% paid for in cash though.

[@GOODMAN-eu1cm]

You know you are f**ked up if you need Ramsay show or a financial advisor to tell you your car loan should not be more than your annual income !!!?

[@Telepathythinker]

I didn’t even know this till recently

[@kbanghart]

He didn't necessarily NEED them, but he wanted other advice, nothing wrong with that.

[@user-jg9vi1yb8z]

No common sense. You ask questions BEFORE you sign on dotted line. But good for him for moving forward to solve problems.

[@user-jg9vi1yb8z]

Do I NEED IT or do I just want it?

[@kbanghart]

@@user-jg9vi1yb8z nah, there's different kinds of common sense

[@wietsecornelissen8994]

We have to figure out a plan to get that out of your life - ie get rid of it now!!!! Buying all these things on credit is almost unimaginable in Europe. Sometimes buying on credit can be useful but the situation in the States is not healthy

[@davidleonard37]

No university should be allowed charge that for a semester or even a year. That's nuts. The fees in Ireland are around 3k per year and their currently cutting them. Most people work their way through college and their parents assist them but student loans are not a thing. My work actually sponsored my masters so it cost me 0.

[@jaycarrillojc]

I had an economics teacher in high school give us all the scare tactics of "dipping your foot in the credit pool before knowing how deep it is" and I still think back to his lessons when I sign off on a purchase.

[@mezza001]

Education in America, for Americans should be free. I don’t understand how they can spend hundreds of billions on ‘defence budget’ but cannot make healthcare and education free.

[@amaragrace94]

Thank you. It's ridiculous.

[@15KHPCLUB]

Nothing’s free. Don’t be ridiculous.

[@wadeunderhile7977]

A carpenter or a plumber or an electrician or flooring contractor makes a lot more that a salesman. Working with your hands is an awesome job. And you are your own boss . I was my own boss for 32 years

[@gislainengarou8558]

So true

[@Jakethegreat96]

I was a salesman at a welding company and being a salesman matters on your drive and personality. I guarantee you I was making a lot more as a salesman than any job with your hands ever has. To tell the truth I don’t even know a lot about welding equipment but I am a likable guy and can talk my way out of anything. But then I also know salesman at my own job who was making 10% of what I was making he just didn’t have the drive.

[@iamunknowable]

​@@Jakethegreat96 Money in sales has virtually no cap, if you do you move to sell better more expensive stuff. Your appliance salesman is making $300+ commission on a refrigerator.

[@goforbroke2]

Don’t be fooled, salesman are usually the highest paid employee in a company, minus the CEO.

[@wadeunderhile7977]

@@goforbroke2 not in the flooring industry

[@kathyh.7709]

These poor kids. I graduated Cal State Stanislaus in 1992 for $325 a semester at the start to $550 at the finish four years later. What are the young people supposed to do????? This is impossible.

[@MelywoodMedia]

They can say "No".

[@kathyh.7709]

@@MelywoodMedia Yup. The smartest thing that young people can do now is to stay away from college. We need tradesmen. People in the trades will always be needed.

[@MelywoodMedia]

@@kathyh.7709 The tradesmen earn what doctors used to earn. Now the doctors earn very little compared to their debt.

[@ladycheyne5607]

​@@kathyh.7709People still need engineers and doctors, too. Stop dragging folks down.

[@Johnh7]

Don’t go to college lol most come out dumber and broke

[@richardtyler6472]

That’s crazy! Whoever gave him the car loan is a criminal.

[@user-xo4xr5vf8t]

Live within your means!!!!!

[@Applecompuser]

That salary does not make sense.

[@maggiebogdan6249]

I guess I didn’t explain loans to my boys very well. My youngest saved 1/2 and wanted me to loan the rest! It took a few declines due to no credit but it was well within his budget. His insurance is a few dollars more than his payment each month.

[@fazdoll]

Sounds like he flunked out of college and now he's making minimum wage. He can get out of this but it will take a little time. Sell the car. Get a roommate. Use the car money to go to trade school. Take the bus. Good news is that he's young. With hard work, in 4-5 years he'll be debt free and making $50-$60K.

[@babblesp1367]

He might not be able to sell if for what he owes. He could be upside down. At that point, you’re better off just keeping it for awhile.

[@krickett8538]

My husband asked his financially illiterate parents how he should pay for college. They told him to take out loans. He had a good job and could have paid the community college tuition with some planning. If only he had someone who he could have talked to about it.

[@bunacat1]

People, if you can't afford college, go to a junior college first and get your lower division done for cheap. Then transfer. That is what I did and no loans. During this time is also the time to find out if college is for you or not rather than go and find out after you have already racked up thousands in loans.

[@AltaicPride01]

Schools need to offer financial education in high school as mandatory

[@HC-kn2sq]

I’m more shocked at the 34k school loan than the car tbh

[@jhutch1681]

Amen to the comments about a system that pushes kids who haven't yet learned what it means to take on huge debts.

[@lynaeeakettgreene7208]

Sell your car, or even just turn it back in to the dealership. Get a vehicle you wont owe any payment on, or take public transit if its available where you are.

[@KonstantinV1970]

Interesting is that studying in Germany is for free. It's paid by the state. So, no one get's charged 32.000 Dollars per semester in Germany.

[@aureliediebold9444]

Actually it's not free. It's payed for by everybody's taxes. It surely feels free for the students

[@KonstantinV1970]

@@aureliediebold9444 That's true. The bet of the state is that a person with a degree earns more money in life than people without an university degree.

[@aj_us]

Whenever I compare my life to other I know nothing about I remember, “Some people aren’t rich some people are just comfortable with debt”

[@lebogangjr1286]

I'm from South Africa and R34 000 a semester is already insane. The exchange rate is around R18:$1

[@SY4Artz]

Get a flight to Europe and study your dream career here. It's between 200-1000€ per semester here. Most countries in Europe offer the same price to foreigners as for natives.

[@Trackmindlikeme]

Makes me feel so good to hear ppl have debt!!!!

[@avres13]

Good sales job🙄he’s making $24k. You don’t need a new car, you can get a reliable old Toyota for under $10k. Student loan depends on what he’s going for school for and whether or not that major gets him a salary out of college that pays it off like a medical degree

[@eddiefniii]

IF you need to go to college ( not everyone does or should btw) then go to community college the first 2 years and get your basics. It’s not that hard folks.

[@jamezworth6042]

He fell for the trap. If you can’t afford to buy it twice with cash , you can’t afford it.

[@wirenutt57]

Meanwhile, another 19-year-old across town is in an electrical apprenticeship and is getting paid good money while learning the trade, and when he completes that in 4 or 5 years, he'll be making $90k with no student loans, his union will be putting aside money for his pension in retirement, and covering his medical insurance.

[@madelaine3803]

How could he have gotten in debt of 70k with a salary of 24 thousand. THE PROBLEM IS THE BANK THAT KEEPS INCREASING CREDIT LINE WHEN THERE SALARIES DON'T MATCH THE DEBT.

[@babblesp1367]

That salary is why he has so much debt. He needs to find a better job.

[@mburns1679]

Buy used vehicle, rent a room, eat at home, no Starbucks. Shop at thrift store. Get a second job. Go to community college then transfer to university. Regular phone instead of iPhone.

[@unalex6123]

Samsung or other brands are not regular phones? 😅

[@corianne2099]

Right now people get a better deal buying new vehicles versus used

[@travisclark7892]

​@corianne2099 😂😂😂😂😂 the ignorance in your statement is at an all time high.

[@babblesp1367]

A regular phone? What is a regular phone nowadays? Everybody has a cell phone.

[@travisclark7892]

@@babblesp1367 your IQ can't be that low, can it?

[@Unlike230]

College tuition is too damn high in this country!!!

[@myrahartmann2164]

$34k one semester!! Was that Harvard? They can go to a community college. Get a second job. Don’t go to Starbucks. Don’t go out to eat. Cook your own meals until you pay off your loans. Bring food to work.

[@cyman0730]

It does a real disservice to young adults to blame others for stupid choices. (Yes, parents should provide some financial learning to their kids, but as an adult it's solely on the person.) FFS just as no one forced them to screw & procreate, no one forced them to borrow. Biggest problem is not learning from mistakes.

[@margaretwince2748]

I want to know who financed a 36k car for a young man making 24k (with living expenses and student loans). The dealer knew he couldn't afford that car!

[@madisonhayes7332]

I disagree, most of the time parents do force even when the kids are 18. He may be an adult legally but he’s still at an age where his parents are an insane part of his life. Without them, he wouldn’t be at college because i doubt he could apply for FASFA. He probably used some of their interest rates for a car loan, it’s probably not in his name he’s just paying for it. My point is, they probably had a huge say in everything

[@Mark-ql5ni]

Where can I buy John's shirt? I won't put it on a credit card I promise

[@tedlessor3887]

😂

[@Afrinaturality]

I'm glad John mentioned it. What kind of system are you operating that allows a clueless 18/19 year old to access $70K worth of credit? A predatory, exploitative one. And peeps seem to be ok with it. 😑

[@anm6328]

Good used cars are hard to find right now. You either pay the big payment for a good car or pay costly repair bills on the junk that's available right now. It's a reality that's hard for well off people who can afford nice cars to comprehend because they aren't looking for or trying to drive the junk that's available right now Not sure advising him to get rid of the car is wise right now

[@MelywoodMedia]

Two years ago I paid $13k for a totally reliable and beautiful 2010 Avalon. What you say is nonsense.

[@ladycheyne5607]

​@@MelywoodMediaYou should have invested in some adult education 😒

[@MelywoodMedia]

@@ladycheyne5607 I am well educated. Also debt free, living in luxury gated community and enjoying mostly stress free life. I am always a bit saddened by miserable people like yourself who feel the need to attack, insult and bully people. Sounds like your life likely isnt happy or stress free. I hope you make better choices going forward so it can be.

[@ladycheyne5607]

@MelywoodMedia You went back and edited your comment. Good for you! We can all be anything we want on the internet. I'm Spider-Man 😂 It made your little panties turn to pudding imagining me miserable and struggling 🗑👈🏿 Jump on your underwater yacht for mimosas🤣🤣

[@MelywoodMedia]

@@ladycheyne5607 I don't need or want your condescending "good girl" praise. I find you to be annoying, condescending, obsessive, absurd and rude. I edited a typo. Get over yourself.

[@joepfeiler5911]

My daughter went to community college for under $3000 a semester to get her nursing degree and make over twice what he makes a year now. Something is not right with spending 34K a semester for college.

[@norahblocksom4456]

May consider a job change! ... Even working Housekeeping at a Hospital would be more $ ... And get a ca$h side hustle, or some overtime! Mow some lawns, rake some leaves, wash some cars, etc.

[@thomasschuler5351]

the moment you realize the reason youre on this world is to be a customer

[@kimlee1416]

Poor kid, these students loans are a nightmare. How can anyone get a head.

[@BonnieM93]

Poor guy! I'd be so sad if this was my son!!

[@IvanIvanov-tn2iw]

What fascinates me is that people will put themselves is a serious debt to pursue useless degree (most of the times) instead of just work a real masculine job for like 50-80k a year and life a middle class life and a 5k car. Everyone wants everything.

[@brendabeans4986]

Bruh this is all the sales bros I've ever known

[@VR0325]

Yeah I didn’t go to college because it’s so expensive and I’m wasn’t sure if I will be able to get job after (also I’m really terrified of debt, that’s mostly the reason). Also yes I went to trade school I got a phlebotomy certification and was not able to get a job due to not having enough experience

[@Lola-gu1wx]

That's the whole point. Start them young and keep them broke.

[@jasmynsreality]

And people get approved for these loans which is even more criminal

[@thomasjones3206]

Dude went to college and makes a burger king salary

[@jirace]

Credit card companies post up outside the trails leading off campus to sign students up for credit cards. Get em while they are young.

[@theBizNurse]

This generation is fucked up….No way…My goal is to train my age mates to manage their finances, live within their means, grow in their chosen careers and live truly wealthy life rather than looking extremely successful online to impress others, meanwhile are extremely buried in debt. This is my life mission and I will achieve that in Africa starting from Ghana my mother land. Dave and the team got to train me on this mission.🎉

[@rachael8078]

So he went to two semesters? What happened to going to a state school for your prerequisite classes? States are always lower, although I can’t even say those are cheap now. I paid 400 a class back in 2006-2009. Who knows what it is now. So glad I only pulled out just around 12K in loans and I didn’t really need that much but all paid back.

[@user-do2jp7eb3e]

Get rid of the car.......now!

[@ocean12]

No one understands delayed gratification any more. Buy buy buy. Gimmie gimmie gimmie. Want want want. My first car cost $600 and was a beater. I didnt need a flashy shiny toy. Just a way to get to work. Kids need to learn basic math. Its not rocket science. You cant buy stuff that costs more than you make. Whoever approved this car loan knew this kid could not pay for it. But they dont care. They will just repo the car. People need to stop blaming others. Take some damn responsability for your actions. Community and state colleges are over priced. Private colleges are just bs. Learn a damn trade.

[@Brooklyn-rj3np]

I has a massive 50k car loan in my twenties. Not a car in the world. Got divorced got out of debt have a career. Just crazy what we are ok with in this culture

[@Theman26642]

I make 185k and my cars are way cheaper than 36k 😂

[@BabylonGateLA]

You’re being too frugal with that one 😂

[@Theman26642]

@@BabylonGateLA if I spent $80k on a car, you know how much that money invested will be worth in 30 years….boat fckn load.

[@topher7716]

Not everyone is super into cars

[@Theman26642]

@@topher7716 oh I’m into cars. Can get enthusiast cars like e46 M3 and 996 for under $30k

[@Yourmuthasaidso]

36K for a car is waaaay to much money!

[@williamallison3410]

Well. His school is so happy to take his money....the car is a huge error

[@joecostu1571]

That's what they lern in School spend spend have fun enjoy you deserve that and More don't show the other side

[@albertgroeneveld4731]

I am not known with loan systems but how is it possible to A: loan more than you earned and B: have multiple loans?

[@kianna270]

God my whole college degree cost me $35k (and I went for 5 years as I worked full time as well) ! Can’t imagine paying that for one semester

[@charliecinnella9090]

$68,000 dollars a year in tuition. That’s criminal.

[@nelsonreau3842]

Almost a guarantee that someone, a parent or grandparent or someone else in his life told him not to do it but he figured he knew more than them. Its called school of hard knocks.

[@uno_card927]

Imagine being $70k in debt and thinking “if 70 people just donated $1k to me I’d be fine”

[@Fleurae]

Besides the tuition, how do you even get loans for that much making 24K a year ?

[@victoriaaletaaustria2817]

Why do Americans can't see the obvious? Expending way above what one earns. Of course, that surely will cause a HUGE PROBLEM. Why go this path? LIVE SIMPLY. Don't keep getting loans if you DON'T HAVE THE CAPACITY TO PAY. It's better to be able to sleep and free from worries.

[@andreaskontos78]

All she has to say is he owes for the car more than he earns in a year??? That sounds pretty normal to me. He needs a car and can't afford it other way than getting a loan. Maybe he could buy a cheaper car, I get that. The real problem is his student loan and student loans in general. The vast majority of schools are overcharging mediocre studies. To be clear, I'm not in the US. Here, a cheap new car has twice the price of one year's earnings. It's literally unaffordable to buy it with cash. Although, education is free if you are a decent student. It feels that what creates financial problems to US citizens is the commercialization of education and health care. They face them as products, not as basic social needs.

[@ProfessorOfLogic81]

Where exactly are the parents on this one?

[@ArnoldsDesign]

$34,000 per semester? Are you kidding me?

[@geraldineekhator5428]

Well, the first thing is to pay that $3700 loan off! Go get a second job and work to pay off the car and then pay the student loans as you go.

[@Rick020]

Its crazy that you can get such huge loans in the USA... If I want €10k loan, I better be ready to show that I can afford to pay it all back to the bank lmao

[@orlandovelastegui1391]

The First thing you need to do is get rid of your car!!!! And get a part time!

[@nathanhatcher7096]

I believe in helping your kids inter this world with the knowledge that you have earned as a parent is important!, after a long investigation i brought both of my kids a car in school, 2006 and a 2008 prius they where happy to have them but hated them because of other kids made fun of them. Well fast forward 8 years i had less than $20k both cars they serve them thur highschool and college plus save me greatly in fuel cost! 2 years ago sold the 2008 for $8k and 2006 for $5500. My point is that this young generation should learn a valuable lesson from there parents but sadly alot of time parents are the problem too.

[@tubenachos]

He owes more on the car than he earns in a year 😭😭😭 this is some new military person would do 😭😭😭

[@user-lp2iy6ol2v]

Had he gone to a trade school annual earnings could be 3x as much without student debt

[@keithoettinger8127]

How did he think a 36,000 car would be a good purchase when he makes at most 36K a year

[@garyfriedland8646]

Try a community college - much less money and probably the same education. Dump tha rar. Take an accounting or personal finance course.

[@Momsince2017]

Why’s everybody having a car they can’t afford? Why is a second hand car (or just a affordable one) not enough? I’d love to use public transportation or go by bike instead of having this omnipresent stress of a loan this giant size 🙄🤦🏽‍♀️

[@lollollol234]

Don't blame the kid I did stupid shit in the past also.

[@andrepalomaro353]

6k! Only 6k for my entire ride through my culinary school! 😂 choose a wise career and education path folks!

[@jefferykeeper9034]

Question why do leaders base there loans on your gross income and not your net?

[@newera478]

Car is one of the worst investments you can do. So if you really need a car, get one that is the most cheapest possible and is in a decent condition.

[@adamglltt89]

A car needs to go and stop. If you can't afford air con or a radio you sing to yourself with the windows down. Spend a year on a moped and you really appreciate anything with a roof and a roll cage.

[@zjones9876]

36k is not a good sales job. you can make more than at as assistant manager at a convenience store

[@TrueWealthFinancial]

Great!

[@jeffreydecker3189]

My schooling was $3k a semester 😊😊😊😊

[@barbieblue3336]

Imagine Dave in a sleeveless top 😮

[@robertdouglas8895]

Go to a cheaper school. work years in between school years. Buy a used car for cheap. I've had about 12 cars. Never spent more than $3600 for each.

[@debyang733]

thats crazy expensive school 😢

[@RoguePlanetStudio]

My entire degree was 40k paid off no loan...wow

[@rv8044]

An average rickshaw puller in other parts of the world who is illiterate has more financial sense than a person going for college degree in USA . Why would you go to expensive college and buy 36 000 car if you are earning 24000 yearly.

[@darkfoxx87]

He can keep the car if he's willing to work weekends to pay it off

[@ZulkSOD]

No, definetly not.

[@babblesp1367]

He may have to keep it if he owes more than it’s worth. People forget that cars depreciate and if you don’t have enough money down to cover that, then you will owe more than it’s worth. So, selling it would be pointless because it would leave him with no car and no money in his pocket, except from saving the amount of the car payment. Or, he may also be paying on a car he no longer has if he’s upside down. So, selling a car is not always the easy answer.

[@SpenyGreenwoodie]

I'd be stressed too

[@buffonia4619]

shoulda got a used car all paid, not some fancy smancy until your debts and savings was stable