[cicy33]

Currently owes $15,000. If trade it in for $10K, have a negative balance of $5K. New vehicle is not going to be less than $15K. No dealer in their right mind is going to do that. so you are still in the same situation unless you can find someone to buy it outright. and most people won't spend that much on a used vehicle. Trading in is not an option. And if they do sell it outright for say $10K. Leaves them a balance of $5,000 to carry on their card. And will still have to find a decent vehicle to drive. Probably minimum of $3000. So now their cost is $8,000. They will be $7,000 less in debt but the used vehicle does have more of a chance of breaking down. This is provided they can find a nice car for $3000. I still think that possibly refinancing and putting their car in it is a better option. That is the one they are paying interest on.