u/Exotic-Job-1372

I just wanted to come on here and get some other opinions. Im 18 and im a assistant store manager in retail making around 2.5-3k a month. I also live at home still with no real bills to pay but eventually wanna move out here soon. I bought a 2022 kia k5 gt line with 70k miles on it. It's a 72 month loan with my loan being 26k. I got a REALLY high interest rate at 20% ( ik horrible) but It has a buy down interest program where every time I make payment over 250 it's goes down 1% all the way to 7%. Right now im paying 300 a check (600 a month) but plan on putting down another down payment to lower that a little. My concern is that I won't be able to maintain this payment and move out. Also worth mentioning that I went to two other dealerships and couldn't get approved for anything and drive time was the only place that approved me. So did I take on to much, any advice or tips?

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u/Exotic-Job-1372 — 12 days ago