Where are the parents logic? You said they helped co-sign but did a light bulb never go off in their heads that this Was a bad idea?

I was also looking for used cars with them and they agreed that prices, even for a recent car were pretty bad. I also overestimated how many miles I was going to drive.

Timing is sort of bad all the way around. Used prices are in the process of dropping quickly, even new prices are adjusting down to MSRP and some discounts again.

So selling would be bad. As to low mileage, that will just help you in the long run and the car should last longer. While it’s not ideal it’s not exactly an end of world mistake assuming you aren’t having any problems paying for it?

but no selling it would make no sense. You’d have to probably wait about 3.5 years on the loan before it starts to make sense.

That's not what I meant.

You make 600 and thr car is 300. You didn't even tell us your insurance. I am sure that your whole paycheck will be lost in that car.

Thr fact that your parents agreed to the consigning. I am just baffled.

Could you have just gotten a scooter or motorcycle. Or what do those cool kids rode in these days. It's like a skateboard with handle and a small electrical engine.

No one making only $600 a month should own a car based on income alone. Cars basically cost more then that every month to run.

The used car market was so upside down that it was cheaper to buy new than used for a time. I went through the same thing with my teenager. The problem is that the market is starting to correct itself and I can only see you losing a lot of money if you try to sell it this soon after buying it. Is it possible to get another job as a server on the weekends or something? A used car that is reliable is going to put your payments back near where they are now. You will be on the hook for repair cost also. At least you have a warranty with what you have. Tag and insurance maybe cheaper but I'm assuming your parents take care of that. I personally would stick it out and hope to up my income. I don't see you being able to afford any car on that budget.