how can i lower my car payment
Unfortunately, there is no quick and easy answer to reducing your car payment amount. You could consider refinancing, but that rarely makes much of a difference, if any at all. And trading for a less expensive car only works if you are not upside down on your old loan, if you still owe more than it is worth as a trade vehicle. In fact, trading for a less expensive car in this situation could easily result in higher monthly payments than before. You could refinance by getting a new loan with a longer term, which would lower your payments. However, you should ask yourself if you want to still be paying on an old used car years from now. Furthermore, you’ll be upside down on your loan for most of the term.
