Hi ALL, I need help with financial decision-making. I have a 2019 cadillac suv (good condition, new tires, new battery, new windshield wipers). It have 107k miles and I owe 30k. I am concern about the mileage and still putting in miles due to the distance where I work. Should I keep the car and keep paying on it or should I trade it in even though I will be upside-down?

likefunny
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If the car has no issues, i would say just keep it and pay it off as fast as you can.

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Keep driving the car. It sounds like it is running fine and it would be tough for you to afford something better right now.

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Without knowing more details, I'd suggest keeping it assuming it's running well.
If you're not gaining equity now with your payments, you're likely not going to do so if you're rolling negative equity into the new loan.
If you have a down payment saved, you might look at using it to pay down your auto loan. Make sure to insist it goes to "Principal Payment."
Again, I don't know your whole situation, but on face value, those are my thoughts.
Best of luck!

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