Need advice. 21yo [f] I want to downgrade to a more affordable car. Most likely am upside down..

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RexxN is a female

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Hello personal finance! So I've got myself into a pickle. I'm looking to sell my car as the insurance on it is just absolutely to much for me to pay. I am paying off a 2013 camaro LT2 RS package I currently owe 17800 on it. The monthly payments are 360 and my insurance is 223 monthly. My question is how do i go about selling it and how can I get as much out of it as possible, I've never been in this type of situation before and need some serious advice. Also since I have a loan on it do I inform my bank I'm selling it? Also can I go to a dealership and find something way cheaper and trade it in and use the remainder on the loan?

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RexxN

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Posted: 7 years ago
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