I plan on buying a new car, wondering should I pay off my remainder balance or roll it over? I have 6500 left on 2004 Impala(KBB says worth (4600)..I have the money to pay it off or should I use that money as a down payment on my new car?
I would pay it off and try to sell it private party.... if no luck then take the loss and trade it in. I would not roll probably 3-4k in negative equity plus taxes and fees of new car into a new loan... talk about upside down over 10k in a real hurry when you drive off the lot.
