I have a one yr old 2005 car that my husband and I qualified for 1% financing. At the time, buying the car was a good idea, but now we are making $350 car payments and I have left my full time job to work part time, and my salary has decreased over $15,000. I am afraid to trade my car in for a cheaper one because we own $4000 more than blue book.
Does any one have any ideas or have heard any ads for cars that spealize in “paying what you owe” for a trade in? What can I do to reduce my car payments?
Also, what do you think about this video: