Trading in a car with balance left

[Calypso]

I'm confused. Some of my friends have talked about trading in their cars before they were paid off and getting a new car for a better deal. How does this work? I'm not happy with my payments, and my car's warranty is about to expire, but I still have about three years' worth of payments. Any way I can get a better deal? Or should I just grit my teeth and keep paying?

[nangel78]

You could try refinancing the car through a credit union. Sometimes they offer lower interest rates

[Calypso]

I think I'll have to do some work on my credit before anyone will touch me for refinancing. I was sick earlier this year and basically had to put a hysterectomy on my credit cards. Now I'm trying to get caught up with my payments again, but it's a long, slow process, especially since I was off work for awhile and the only money I was bringing in was my freelance money.

[nangel78]

That is understandable and makes sense. I hope all of that works out for you.