your best option is to keep the car properly services and continue to drive it .

pay it off ASAP.

cars are always negative equity and always have been

The used car market is flipping drastically in the last few months. KBB gives retail prices, you never trade a car for retail prices. Negative equity only has one way out, pay it off. Doesn't matter if you pay extra now or wait until you get a refund. It's all pretty much the same anyway in the end.

you pay down the negative equity and then sell it. what is the interest rate?

Yeah but now that I’m no longer a delivery driver I’m just not comfortable with the high miles. I want warranty at this phase in my life.

Edit I’m not sure the need for downvote. I’m literally just looking for genuine advise to help prepare future wise.

Waiting on that response from my mom.

a properly maintained '13 subaru with 160k miles . is worth more to the OP than it is to the car market.

best to use it for as long as possible after payoff

Would I be able to roll this into a car loan on a different car in my name when the time comes?

so go into huge debt and a larger negative equity position ?

that car can go 300k miles if it's maintained properly , but you do you .

Maybe I’m just getting anxious. Every Chevy/dodge I ever had died at 120k.

you should pay it off and go without a car payment for a period

1. yes GM/Dodge are crap
2. cars don't "die"

that's why i keep saying "PROPERLY MAINTAINED" .

routine maintenance can prevent surprises, not "ignore until it breaks"

i'm driving a '13 honda that i got in '15.

i don't care if i have to pay $1k/year to keep it on the road, still cheaper than a $35k car loan

Keep the car and maintain it. In the meantime you can save the money that you would have spent in new car payments in what would essentially be an escrow account for a new car or whatever. Also, in this calculation, don't forget the cost of insurance on a new car vs. what you are driving. That also saves you money.

My wife and I were in serious debt for years. We did no BK and paid everyone off and then we only charged what we could pay off every month. We still drive 2010 Hondas because they work and we don't need new cars in our driveway.

Remember the end goal is to pay yourself, not a bank.