Paying off 07 scion xa. Owe about 12,000 just bought it last year. Need...

[josh m]

...advice on next move? Just got married and we want a bigger car. Just wondering if I could get some suggestions on whether or not it would be smart to trade in the scion for another car. Not sure how the whole process works

[heythere]

always try to sell your car yourself before trading it in to the dealer. I bet the the dealer will give you $7,500 for that car, then they will put it on the lot for $13,995 and then some idiot will come and give them $13,000 for it.

[twofortwo]

Find out how much your car is worth as a trade (check www.kbb.com and www.nadaguides.com). If this is less than the $12K you owe on your loan, you are upside down and have no equity in your car that you can use as trade. A dealer may offer to help you by rolling your negative equity into the price of a new car. Not a good habit to start because it gets worse each time you do it. Plus your loan is not completely covered if your car is totaled in an accident or stolen. Bad.