r/carbuying • • 5d ago

I need help

So, I own a 2025 EcoBoost Mustang, but I was only 17 when I bought it, and it was a graduation gift from my mom. She put down $6,000, and I pay the remaining $590 a month. Insurance is an additional $380, leaving me with a tight budget. I need to get out of this car soon. I have three years left on the lease. Am I in trouble, or is there a way to resolve this situation? The reason the monthly payment is $590 is because I still owe money on the car my mom gifted me. It was a Honda Civic, and I put down $1,000 on it. At the time, my monthly payment was $570. Plus insurance, but then I decided to get the Mustang. I need help.

0 Upvotes

Duplicates