Tips on Buying Cars: car, saturn vue hybrid, 2007 saturn vue


Question
Ihave a 2007 saturn vue hybrid.  I owe 14,000 and have 105,000 miles on it.  I would like to trade it in.  What are my options so i'm not upside down on my vehicle

Answer
Risha:From my past experiences,car owners who trade a car or truck owning more than the value,have two options:1)Keep the car.If the miles are low,consider selling your car.2)In your case try to put money down to cover any negative equity.In todays climate banks are allowing about 110% of loan to get financed.I think the only way is money down.In your car buying past,you could have traded another car for this Saturn.Your trade at that time was worth less than what you owned.So,the difference was carried to the Saturn.Or,maybe you drive a lot of miles which affected the value,or with future with Saturn at the time solid;now the company is longer affected the value of your Saturn.In the end,don't lose hope and the car!Good luck!