Can I sell my car? I took out a loan for it but now I want to sell it for a...

  • Thread starter Thread starter cpagirl04
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cpagirl04

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...cheaper car.? I took out a loan to buy a 2005 Toyota Solara 2 years ago. The car is in good condition but I can't afford my monthly payments.

I would like to either sell it on the street and try to buy another car off the street.

OR

Trade it in for a lower priced car. IF possible.

The loan amount was around $16,000 and I have $10,000 left to pay my bank.

Can I trade it in for a lower priced car at a dealership? I know they're still going to appraise it but I need to know what I should do.
 
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