If i have a car i still owe on how do i down trade for a cheaper car?

Question

i have a trailblazer that i owe 17,000 on and i want something cheaper i really dont care what it is my payments are 450 a month i want something with lower payments somebody let me know what i need to do

Answer 1

right now not much.your trailblazer might bring 8-9k on a trade in and you would have to roll that 17k into a new payment so you will be upside down and your payment will go up unless you find a cheap used car and go through a credit union.

Answer 2

You can trade it in to a dealer (they buy the car from you), or you can sell it to a private party, and use that money to pay off your loan, and then you are free to buy something else.  Good luck.

(Probably a better price to sell yourself, but more hassle.)