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I want to trade in my car for something I can make cheaper/fewer payments on... I don't really know where to begin, or what the options are.

I'm just shy of a year into payments on my car. I've decided to get serious about saving for a big move, sooner rather than later. How do I go about trading in what I have now for something cheaper? What happens to the difference in the loan amount from my original purchase, to the new? Any reliable car recommendations as well?

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Before you trade in your car, you should do your market study and look fir a god place that will give you good services. Trading in a car is usually a same-day transaction with minimal fuss and bother. You can bargain over the trade-in value if you like, or simply accept the dealer's value. Go to http://editorial.autos.msn.com/article.aspx?cp-documentid=434850 for details.

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I would have to ask for a bit more information. What type of car are you trading in. What kind of car/mileage/mpg/payments do you want in your new car? If it isn't too personal how much do you have left to pay off on your current loan? It is hard to give you a realistic answer without some more information.

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2012 Chevy cruise, excellent condition, not very many miles. Payments are 350 with 4yrs to go. All I want is a car that I'm not going to pour money into to keep fixing, and will last with regular maintenance. And, should moving plans pan out, can get me cross country from CT to WA in one piece, and won't have to be replaced once I get there. I appreciate your help.
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Ok you have about $3800 paid off. and about $16000 left to pay. Trade in value is about $12,000 for the car. After owning the car for a year you would have paid a total of about $8000 So even after trading in the car you are still going to owe about $4000 on the loan. You could get something like an 05 camry with about 80k miles for close to $7000. So instead of paying $16000 on the chevy you will pay about $11000 for a decent car. For a 4 year loan you would be paying about $250 a month. Keep in mind you have to find a dealer that will help you not have to come up with $4000 out of pocket right away to pay off the rest of your current loan. Hope this helps.
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That little moving starting line didn't appear like in the commercials?? LOL. I'm sorry, I couldn't resist.

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Lol, I couldn't have either!
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