Kathleen

Hey, thanks for having me.

So my husband and I are trying to get out of debt. Right now we have a $26,000 car loan. We want to get rid of that for an $8,000 2012 minivan. But we would be rolling over negative equity if we decide to roll over. Can you just not?

So my husband and I are trying to get out of debt. Right now we have a $26,000 car loan. We want to get rid of that for an $8,000 2012 minivan. But we would be rolling over negative equity if we decide to roll over. Can you just not?

So my husband and I are trying to get out of debt. Right now we have a $26,000 car loan. We want to get rid of that for an $8,000 2012 minivan. But we would be rolling over negative equity if we decide to roll over. Can you just not?

Well, that's the thing. We're trying to get out of this car loan.

Well, that's the thing. We're trying to get out of this car loan.

Well, that's the thing. We're trying to get out of this car loan.

We owe negative equity about $4,000 to $6,000. Okay.

We owe negative equity about $4,000 to $6,000. Okay.

We owe negative equity about $4,000 to $6,000. Okay.

And my husband?

And my husband?

And my husband?

If we sold it to CarMax today, $22,000. If we sold it to the dealership, about $18,000.

If we sold it to CarMax today, $22,000. If we sold it to the dealership, about $18,000.

If we sold it to CarMax today, $22,000. If we sold it to the dealership, about $18,000.

I don't think it would be worth that much.

I don't think it would be worth that much.

I don't think it would be worth that much.

The thing about private party, it just doesn't sound safe. And I don't want to screw myself over selling a private party.