Tips on Buying Cars: I want to either return my 08 Nissan Versa or..., front wheel drive, good shape


Question
QUESTION: trade it in for a cheaper car. I can't afford the car payment no more. so I need to find out what will be my best option. I have only had my Nissan for 6 mo. & only has 5,000 miles. Thanks for your help.

ANSWER: What's the current loan balance on the Versa?  Is your Versa a sedan or hatchback?  Is it the S or SL model?  Exactly what options does it have?  Stick-shift or automatic?  I can't answer your question without this information.

---------- FOLLOW-UP ----------

QUESTION: what I owe is $15,700 & it's a Hatchback, automatic & is a S model. I hope this help.

        Thanks again

Answer
Brand-new Rogues like yours are selling for $19,500-$21,000 in my area (lower range for front-wheel-drive, the $21,000 is for all-wheel-drive), so you may be in good shape.  As there are no currently-published values for used 2008 Rogues, you may not get much form a dealer.  It's worth a try, but be prepared for them to offer less than what you owe.  If that's the case, try selling the vehicle on your own, price it right (enough below the current new price to get people's attention), and I'll bet you get some offers.