Hi everyone, I need help in deciding what the best option for me here is.

A year ago I purchase a used Honda from a dealership for 17k but was talked into adding on 4k in warranties. I have a loan period of 5 years paying 208 bi weekly and i currently owe 18,000 since I made a 5k downpayment. I also have a 8% interest rate. I now realize this was a terrible purchase and it cause me insane anxiety - i'm on the verge of tears everyday. I bought at the time cause I got a new job and needed something to get me to the go station so I could get downtown for work. I don't live in an area that is very central so not having a car is very hard and I don't liver near downtown. At the time car prices were so insane it seem like the best option without risking purchasing a faulty car.

If i sell it i'll have to take about a 4k loss but I think it may be worth it. I may roughly 3k a month and a live at home with minimal bills so it's not an issue of being able to afford but rather save so I can move out or purchase a home in the future. The goal would be to eventually build my savings back up and buy a cheaper car out right.

For some additional stats that may help paint the picture:

- Currently 25 and looking for a better paying job, the salary I get from a new job will 100% be higher since i'm being severely underpaid

- I pay 300 month for insurance (best rate i could find i'm a new driver)

- I was saving minimum 1K a month before this (it's beginning to feel like i'm just staying a float and not saving)

I just fear sinking even more money into the car and not saving which is the most important think for me. I think it's best I cut my loss and my parents is willing to help me get another car and avoid having a car payment.

Would should I do?? This is genuinely cause me so much anxiety and worry I hate being able to save and it makes living at home feel pointless. I have freedom with the car yes but I also can barely afford anything.