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Old 11-04-2015, 08:00 PM   #1
Live_4iT
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Join Date: Nov 2015
Location: Epping, New Hampshire
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Help! Advice needed

Long story short, I have a friend who purchased a car it's a Volkswagen Jetta 4door SE for way more than she should and can't afford the payments. Edmunds says that the car is worth $10,485 with mileage and she just got done paying off the warranty and still owes $15,000 on it...

Her monthly payments are over $350 a month which I thought was crazy.. I thought such monthly payments would be only for something like a new BMW or Mercedes.

She would be fine getting an older car but she is worried about her credit score which isn't the best for getting a loan. She wants to trade in for something else.

Is there a solution for this scenario that may only require a little bit of a financial loss?

Thank you for any advice you may give
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