<prompt> Human: If anyone wants to look at my posting history, they will see I am by no means in a financially comfortable place. I have a lot to take care of. Here is the thing, last August I bought a used car for 6,000 and it kept breaking down. The following replacements as follows: battery, radiator hose, starter motor, and alternator, all before last January. In January I was finally told it needed a new engine, which would cost 6000. I still owed around 5,000 on the car. I called the dealership and because my work situation had changed and I had no money, I had to get a second job. I was saving money for a new car, and paying off the old car. Since it was winter and I live in a ski town, a car wasnt a necessity at that point. I finally talked to the dealership and they tried to sell me a used Audi someone was trading in for them paying off my remaining debt and a little more. I said no because Audis are atrociously expensive to repair and I knew nothing about this cars history. I called again, and he called me back saying he had me approved for a brand new car, I was surprised and concerned. Here are the details:The Good:1. Its a 2015 Jeep Patriot 4WD. Has 4,000 miles on it. It was one of those cars service centers use for transporting people. 2. The deal comes with a 3 year warranty this was 3k and said I HAD to buy it, and given my luck and I didnt fight this one and a lifetime powertrain warranty.3. I can refinance the loan if my credit improves and paying this loan on time can improve my credit dramatically.4. Where I live there are plenty of opportunities to make more money than I am making now, I am just trying to focus on one thing at a time.The Bad:1. A newish car for a total of 24k. No one in their right mind looks at my finances and goes Sure!2. The financing period is 71 months at a 16.5 rate. Ouch. This assuming I am not able to refinance.3. I already have plenty of student loan debt 50K and now this!4. This adds an extra 300 for expenses per month and I am already having trouble making ends meet as it is.Why I did it:1. I really need a car. It was becoming increasingly problematic to not have one.2. I felt put in a spot. I tried to talk down the price but he said he couldnt because of my credit and the fact that I got approved by a AAA lender. 3. My financially savvy friend said that if this goes to hell, I wont be worse off than how I am now because I can always sell the car.What do I do now? I took pride in the fact that my bad debt was very low. Now I am in serious debt. Please help. Is this good? or bad?Assistant: You need to find out about the laws in your state that let you change your mind on a contract. Do it ASAP. Get over to rlegaladviceJesus man. You cant do shit like that. Ive got credit cards with lower rates that than. You friend is wrong, it will be hard for you to sell it for what you paid for it. Human: Yeah but right now my credit is in the 500s. If I pay all my bills on time I can refinance for much lower after 10 months. Again, still dont know what to do.Just looked it up. No rights in Wyoming. The FTC gives you three business days but it cant be at a sellers permanent place, basically only door to doors and trade shows.Assistant: I don;t know that 10 months is going to save your credit score enough to get a great rate... You can go back to the dealer and beg. Offer to let them buy it back from you for a small discount even. It was already a used car, so its not like you stole its new car status. Maybe if you know a lawyer and can come up with some bullshit about them selling it under false pretenses or fraud or whatever, maybe you can scare them into tearing up the paper work. Dunno, but sounds like the last thing you need is a car note. Human: Honestly I am better off selling it myself. 4WD and AWDs sell for way above Bluebook price in this town. My friend is selling her old Subaru for 5k, has gotten plenty of interest, and it is bluebooked at 2k, for example.  <response>: You are likely already at least 8,000 underwater on this Jeep which means if you want to sell it yourself you need to have 8k in cash laying around to add to your buyers offer in order to get the title from the bank. 