<prompt> Human: UPDATE All future updates to this post will instead reside on the wiki pageIm building a collection of personal anecdotes regarding car loans from this subreddit for future reference. The key learning is that many people think they can handle the monthly payments. But sure enough, something comes along a year or two later they want to buy a house, they have a kid, their student loans come out of deferral, etc, and regret the car loan decision. Even worse, they often owe more on the car than it is worth! Certainly no offense is meant if your link is included here. The intent is to provide a resource that may help people learn from others mistakes instead of repeating them. Newer material posted at the top. Updated 13 May___ ---37k car, minimum wageVery upside down on an 8 year old SUV, its killing me. Please help. HELP! I want to get rid of my upside down car loan!! I financed a used car. So how bad is it?Spending 30 of income on transportation. Hampering debt repayment. I regret the new car I bought, what can I do? Freezing to death Literally. Urgent Crisis! Please advise! A year ago I took out a loan on a truck. Now Im sick of making payments and the truck itself in general. What are my options? 945 in monthly car payments. Financially drowning 24, I live alone, car debt is pulling me down I owe 14,000 on my BMW 3 series and trade in is at 12,500 what should I do!? X Other priority: buy another new car... X probably Need help getting out of car payment Another soul in need of car loan advice Should I commit insurance fraud to get rid of this car?Sell car at loss to reduce monthly bills? Bought car 3 weeks ago. Got in accident. Now paying 500mo instead of 80 bus pass Help! I need to get rid of my car. Unhappy with the car I purchased new in 2012. What are my options? Worth it to trade in my 2-12 yr old Prius Std for a new Prius?Upside down on car loan Severely Upside-Down Auto Loan I fucked myself by buying a car. I stupidly leased a car in 2013 and I want to get rid of it as soon as possible. Unable to refinance a car with a huge monthly payment Can hardly stay financially afloat. Where am I going wrong? Cant afford my car, behind on payments, what do I do? Probably got re-poed Considering putting extra towards my 0 car loan to get rid of this car. Help. My wife and I have a horrible car loan. What should we do? Please please help. Pay off car loan, or sell and buy a new vehicle? Im stuck at a 22 APR on a car loan, with no credit. Help! I have a question about my carcar loan - please help Pay off student loans, car loan, or invest? Just did the math and realized me and my husband are 17,000 deep in credit card debt. 131k salary, family of 4, but stuck paycheck to paycheck and cannot save - help! Help me get out of this 25,000 car. Here are my options...  <response>: I think this may be useful for our FAQ.Edit: Ill add this to the FAQ when I get off my Phone, if no one else has yet.Edit 2: Added! 