Man Buys $38,000 Kia. Then He Makes $37,000 In Payments. He Still Owes $28,000 On The Same Car

This man made the worst financial decision of his life when he traded in his old car. He’s now on the hook for tens of thousands of dollars, and despite paying off a healthy chunk of it, the interest just keeps adding up.

He’s sharing his story now in hopes that it doesn't happen to you. Here’s how a $5,000 repair bill landed him in a mountain of debt.

Upside Down On A Kia Loan: How Did He End Up Here?

In a viral TikTok with more than 556,000 views, content creator Yancy (@debtfreemcgills) broke down what he calls the worst financial decision he has ever made—financing a 2022 Kia K5 at 23.5% interest.

Yancy says he owned a 2017 Ford Explorer four years ago. He liked the SUV, but it had several issues. The air conditioning stopped working, it had a coolant leak, and its water pump went out.