Should I trade in or pay off????

[Anonymous]

I have a 04 Jeep Liberty that I owe close to 13k on- with a 18% interest rate!! I purchased this vehicle in 10/07when my fico score was 573 and I was making 24k yr.. Now I'm at a 676 fico - I absolutely hate paying so much interest on this car that may I add I am having problems with now. Wondering should I do pay it off or trade it in for a new one ? Annually 43k. Note is $385/mos

Thanks in advance.

[Anonymous]

Scrimp save, Ramen noodle your life.

Assuming it is mechanically sound,

pay it off.

You probably have a lot of negative equity on it.

Pay it off

You probably cannot get financed into another vehicle with that much neg eq. So get it fixed