Whats the Best way to get rid of a depreciating vehicle?

Question

I drive a 06 hyundai sonata. In two years I will be entering a internship that will not allow me to get paid. I would like to get rid of they hyundai for something cheaper (but nice). My total pay off is 16,500 and car is worth 13,000 (appriased at carmax). Should I but a cheap suv? Get a lease? or Stick it out?

Answer 1

if you don't live in the snowy areas, buy a motorcycle or moped or buy a morotized bike kit on ebay, or make your own bicycle engine

Answer 2

You aren't going to find anything as nice as what you are driving for the amount of money you want to spend.  I suggest paying off the car over the next 2 years.  Now, if you won't need a car in 2 years, fine sell it in 2 years.  In 2 years the car will be worth more then you owe, currently you owe more then its worth, so you'd have to pull $3500 out of your pocket to unload the car and then have no car in return...what is the point of that unless you don't need a car?  To lease a new car you'd probably end up spending at least $10000 only a small savings over what you currently owe....what's the point of that?