I had a real bad start to adulthood and had a car repo when the economy crapped the bed in Alberta 2015, got forced into a 23% finance a year ago from bad luck with used cars.

The dealership is offering me a 2021 Toyota Corolla at 11.9 and the loan is from TD, but the carry over cost is shit, I'm losing about 8k on my car in the trade up only getting 13.5k credit and the loan for the original car is at 21k. The Toyota is 28k.

So the new loan will be 41k at 11.9, I'm not great with finances but this seems like a crap deal and I should stick with my current car, but it's hard to pay off the principal with 23% interest and it would be nice to get back in with the main banks.

I'm an apprentice electrician I make about 2 grand a paycheck 4 a month is this a smart decision knowing my history and trying to build better credit? Or should I try and make this car work for me and pay off the loan with more money, then get a better deal later on.

I hate car salesmen. They make me anxious, any advice would be great I want to better my life and be more responsible.

Old payments are 254 bi weekly new payments will be 360 .