Quote:
Originally Posted by hmd2009
According to KBB, the TRADE-IN value of my car is:
|
Don't look at the trade-in value. Look at the private party sale prices which are probably a couple thousand higher. So let's say you could get $12,000 for the car (I'm assuming the moose damage was all repaired). You owe $19,000. If you can sell for 12K and get a personal loan for the remaining 7K, then buy another car for about 5K, you will have lowered your total debt from 19K to 12K. That could reduce your payments considerably. It all depends on what kind of financing you can line up.