Here's the deal. I financed a 2004 Lincoln Aviator last October. I still have the vehicle, but I'm having difficulty making the monthly payments. The payments are really high. The car was around 21,000 and the payments came out to be 561.00 a month. I was fine making the payments every month, but now I have a house mortgage. I would've never gotten this vehicleif I knew I was going to be paying a mortgage. I'm only 21 years old and I got the vehicle after I graduated. I really think I made a idiotic move and was way in over my head. My dad moved to Laos and me and my brother ahad no choice but to take over the house payments. So now I'm stuck with this huge car payment and mortgage. The car I'm trying to trade in for is alot cheaper then what I paid. It's 14,000 for the car I want, which is a VW Jetta. It's also an 04 but has higher miles. I just need to know how the process works in trading in a car, such as mine and if I have to pay anything to do so. Please help.
2007-08-06
15:09:44
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4 answers
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asked by
Anonymous
in
Personal Finance