Is dinged credit worth it

[Andrew Johnson]

Hello BP! 

I want to thank you for the help.

I'm going to get to the point so i don't lose help. Basically i have a 500/mo auto loan and i want to know if it is worth it to walk away. I am in the learning phase of investing, i'm reading books and blogs trying to figure out what i can before i start.

To start out I know I need to have my finances in order so I cut back and save but that's not enough. I spend a ton of money on a vehicle I don't need so if i hurt my credit now is it worth it to save the money and start investing and come back from that ding in the future?

Also I would like to add, if this kind of question is not appropriate here let me know. I would like to follow the rules and stay with such a helpful community.

Thank You