Trade in for lower price vehicle

If you sell it for 17 grand and you owe 21 grand you must come up with the 4 grand difference to pay off the loan. That 11 grand car is going to cost you at least 15 grand and you will have to pay sales tax as well.

You're going to be out anywhere between 4k to 10K + tax. Best to keep and pay it off or get the loan below the ACV and you can try to sell it.

The money you owe will be added to the new loan for the new vehicle. Your payments will be much higher! Plus you'll be paying for two vehicles. One of which you no longer have! The only way you might be able to do this is to trade into a lease. But since you're upside down on the loan that may be difficult if not impossible. Hope that helps! Jim

Your best bet is to tighten your belt a little until you can pay the car off or get a raise. I would try to work extra hours or a second job rather than throw money away trying to get out from under your current car.

Thank you everyone. So trading it in for a cheaper vehicle will not make my payments any lower than what they are right now is what Im getting out if this that sux. Thanks guys I'm gonna ponder this

The depreciation in the first year is a killer if you need to sell the car.

You're welcome. Glad to help! I hope this works out for you! Jim