Owe more than it's worth... I'm upside down and I can't get up!
I am very new to car buying and I need help! A few years ago I just had to have a Volvo 850T wagon. I LOVE this car but the payments ($456) are killing me! (Not to mention the cost of any repairs - $163 for a headlamp!) I am finally ready to give up my beloved dream car. Unfortunately I find that my payoff is $9244 and the trade in is only $5700. What in the world should I do? Can I roll this over? I was thinking of leasing something with a much lower payment. (That way I could avoid repair costs.)