Car-trading with recently damaged credit?

In 2022, I financed a car through a local credit union. My credit score was fairly good at the time, so I was able to secure a decent interest rate without any issues getting approved.
A year later, the car started giving me numerous problems, even though I bought it brand new. There have been multiple service bulletins, but none of them have resulted in recalls or similar resolutions. I’ve ended up paying a lot out of pocket for repairs, and it’s reached a point where I want to part ways with the vehicle.
The issue now is that my credit score has taken a major hit. After experiencing financial hardships (partially due to the car), my credit score dropped to 552, and I have a few charge-offs and late payments on my report. Most dealerships and lenders aren’t willing to consider me given my current credit situation.
What would you suggest I do to trade in my car given my credit situation? Or, do you have any tips for purchasing a vehicle with bad credit?

Put some money aside and make a purchase. After a bit of credit repair, make another purchase. With that credit score, you’ll pay a very high interest rate for financing.

While I would really like to be able to achieve that, I would also really like to get out of this car before I have to pay another large bill that will prevent me from ever being able to save money.

These costs ought to be covered under the guarantee. This tale doesn’t make sense.
However, you really don’t have any options with this credit.
You cannot abandon the vehicle or give it up as a repossession. However, you won’t have a car and your next loan would have a 25–30% interest rate.

A brand-new vehicle without a service bulletin warranty? Which type of vehicle is this? This should be done for free by the dealer. They had one, and I had my first financing vehicle, a Jeep Renegade that I knew wasn’t going to be mine forever and that was about $12,000 below MSRP. My mother also had this on all of her new cars. As long as the age and mileage are within the warranty, everyone I know has it.
Was it previously owned and traded in at 1-3k miles, or was it a “new” show model?

Trade-wise, it will most likely turn you inside out. It also happened to one of my friends. After a year or two, decided to trade in the car because they no longer liked it. Without a doubt, even though it meant paying an 18% interest rate, being upside down, and needing a down payment.

You paid $12,000 less than the MSRP for a Jeep Renegade. I have a ton of questions, and then some more. The largest Jeep discount I’ve ever seen was 25% off, which was never available on a Renegade and, if it was, would have cost $7,000.
Indeed, I have leased one, owned two, and sold hundreds of Renegades, but I have never received a 12k discount with employee pricing.

Indeed. 2018 was 250 miles in 2019. Wasn’t MSRP 28 I think? After taxes, I made $18,000.00. In 2022, it had almost 40,000 miles without any problems, but the oil was burning and the electronics were acting strangely. Fortunately, I had already ordered my car and sold it for $26,000 to another dealer.

Display the buyer’s order or contract to demonstrate that you are the first person in automotive history to receive the greatest discount off MSRP.

That doesn’t seem plausible to me. in particular for jeeps? I believe the Nissan Versa/Sentra and the Renegade are the most affordable new automobiles overall. The car was left to sit for an extremely lengthy period. December 17, brand-new 2018 model, purchased in 2019 when I received it. There were quite a few on the lot as well; I simply went with the one that already had the biggest discount. An additional 500–750 for a recent grad

Locally, new ones are about 6–8% less expensive than the 30-32k MSRP. A FEW more incentives qualify for an additional $2–$3,000 in savings. Every nearby dealer offers a 500–1,000 bonus if you also purchased a prior vehicle from them.