Should i sell my car and pay off my loan?

Lino Cawthorne: I have the title in hand

Jarrod Darnall: My advice is to do your best to pay off the loan asap. Do not go into debt for the next car ,or any other car ever. Save up for it. Put away some money each month, just like the car payment, when you have enough, you can sell your car, put your savings with the car money, and buy what you want. You can keep doing this the rest of your life. That way, you are in control, not the bank. Save up and pay cash for everything. If you cant pay cash, you cant afford it. I wish i had this advice when i was 18. I am sure the Mustang is fun, but there is nothing wrong with a Civic or Corolla. Good luck....Show more

Luke Kosch: for sure!

Jarrod Darnall: well you have to pay off the loan first b4 you can sell it because you have to give the person the title they wont just give you a chek fo r 5000 and home you give them the title. Or you can go to the dealer trade it in hopefully your right and only owe a lttle! and they won't add the remaining to your new loan, but that way you can get a fuel effiecent car faster