I have a car that i still owe $19,000 on and i want to trade it for something easier on gas. What do i do?

Question

I have a car that i still owe $19,000 on and i want to trade it for something easier on gas. What do i do?

Answer 1

Chances are it will cost you thousands between selling the car foe less then what you owe and needing money to put down for the new one.  Even if you get 10 more miles per galleon, it will take years to make that money back so you are better off riding the storm out with your current car.

Answer 2

You might want to read this article.I was thinking to same thing til i ran the numbers.The market is bad right now for fuel hungry cars so your going to lose money selling it.By the time you add what you owe on to the loan for another car you could buy a lot of gas. Anyways read this http://editorial.autos.msn.com/article.a...

Answer 3

you can't trade yours. you loose the have Manny. you have to sail you care you self to get good Manny.