I want to sell my car, what do you think?

Ninfa Asby: Your choice.

Myron Leftwich: Assuming you would get $9500 on trade, you would indeed need to cough up the extra $4800 to make sure the loan is paid off. If you don't have the cash, no bank is going to overallow that much on to a new loan, even with very good credit. The credit crisis put an end to that practice. And adding $4800 to a new loan will never equal "lower payments". Since you're upside-down on the car, you really have no choice but to keep it and keep paying on it....Show more

Keven Drumgole: First of all, there is no way in hell anyone on ebay will give you $14k for that junk especially with a lien on it.Secondly, if you get $9500 for it, that means you will owe the bank $4800. So after taxes and fees, you will end up making the same amount of payments on a $8000 car. Waste of time. Either refinance at a lower rate or keep paying it until you pay it off....Show more

Joie Libutti: If you trade it in at the dealer for $9500 and you ! still owe $14,300, then how is it going to lower your monthly payments? You'll owe almost $5000 after such trade, that's not a good financial decision. You should try and sell it yourself, try www.autotrader.com. That's what I used to sell my car. You can try ebay or craiglist as well just make sure you don't fall prey to scams. Good luck...Show more

Caleb Chapman: Bridging the $5000 gap between what you owe on the Saturn and what you can get for it as a trade in is your biggest hurdle.Unless you have a magical way of getting rid of that negative equity, saving money isn't going to be easy with selling or trading this car. If you decide to sell it use Craigslist or the Autotrader. Don't use eBay. The hassle factor goes way up if you use eBay....Show more

Oswaldo Rayburn: Well its really up to you but in a way peter has a point you will still end up in debt.