Need some advice want to trade new car in for one with cheaper payments.?

Answers:0   |   LastUpdateAt:2012-11-04 22:46:02  

Question
big red
Asked at 2012-09-07 05:40:03
Hey , last year I got a brand new dodge charger 2007, did not put anything down . My car payment is 427 one month MedlinePlus MedlinePlus This was when I was living at home , was single and had plenty of money . MedlinePlus MedlinePlus Well, a year later I met this great girl , rented a house , and so my art priorities and cool lookign car . MedlinePlus MedlinePlus I wonder what I can do to get a lower payment , I think the end result of my car is 20 ky inValue trade is like 17k MedlinePlus MedlinePlus i dont mind being a bit backwards with lower payments . MedlinePlus MedlinePlus but at the end of each month is becoming a struggle . MedlinePlus MedlinePlus so what I was thinking about is how I can change it to a used car ? and only had em add the differance trade / reward for the loan ? MedlinePlus MedlinePlus Will I get approved for a loan on a used car ? MedlinePlus MedlinePlus Just a little help , what is my best course of action
Answer1bettinaAnswered at 2012-11-04 22:45:15
On paper, this seems like a good deal. However, the negative equity is more than you think. That negative equity could drive a payment on a less-expensive car to the same or more than you're paying now. You agreed to pay for the Charger until the loan is paid off, not until your priorities changed.
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