vehicle because I'm expecting? I just found out that I'm expecting my 2nd child and realized that a small two door vehicle is not enough to lug around an 8 year old and an infant. I just bought my car in December and according to Kelley Blue Book, the trade in value is $11K but I still owe $14K. I know the longer I wait, the trade in value will go down. Should I trade it in now or later? Also, I found out that my dealer gave me a bad interest rate (my fault because I didn't negotiate) and I know with my credit I should get better than 10.1%. I'm kind of a pushover and don't like to argue with people. What can I do to get the very best rate possible since they'll probably be tacking on an addition $3K to the loan?

Thanks!

The first thing you could do is talk to a consultant about your financial budget. They will give you an accurate measure of what type of money you have to spend, and will help you figure out your unfortunate interest problem. As for a car, I am an auto technician myself, and I would strongly recommend a 2005-2007 Honda Civic. Very cheap, great on gas, will fit the family, and very inexpensive to fix.

You are right about the value of your car going down the longer you wait. I would shop around and see what you like, then look for any rebates or cash back special. This time of year, the 2008 vehicles are coming out, so if you are looking to purchase new, the 2007 vehicle will be coming down in price. As far as your interest rate goes, if you know your credit score and you think you should be getting better, again, you can shop around. FYI...if your credit report is pulled up to 3 times in one day, it is considered 1 inquiry, so it doesn't hurt to shop. Don't take anything you aren't happy with. Or take someone with you who is better at negotiating.

You poor soul. $3000 up-side down isn't too bad if you just bought it. However this is the time of the year to buy a left over 07 at rock bottom prices. You should be able to get a left over 07 at or near invoice which will help out your situation. As far as the interest rate goes, make sure you know your score before going in, then after you work out the price with the salesperson and you enter the business office, let the person know, that you know what your credit score is and you want to make sure you get the best rate. Or just go to local credit unions and shop for a rate that way.

Sell it now.