Tips on Buying Cars: An Upside Down Car, ford taurus, volume focus

Question
I have a 2001 Ford Taurus with about $6,500 left in
payments, which equals out to about two years
remaining. My credit score is pretty much middle of the road. And I'm sure its fairly obvious that i owe quite a bit more than the trade in value. So is it even worth it to try and buy a new(er) car?

Answer
Wow Robert, I did look into the average trade-in value and it is around $2500-$3500 with average miles.

Right now, is probably a good time to look into making a purchase. End of the year rebates and incentives will help you with being "up-side down."

I would not hesitate to do a little research on your credit. Shop at a reputable franchised dealership that is volume focused. The volume focus dealer will use their gross toward getting you out of your car in most cases. They're desire is to get another one over the curb.

Good luck and if you don't get it done now, I would suggest adding another $50-$100 to your monthly payment so you will pay it off earlier.

Best wishes,

Douglas