What's the best way to get rid of a car when you owe more than it's worth?

I owe $8400, Bluebook values it at around $6000. The payments are too high and I want to know the best way to get rid of it.|||Find a reasonable New Car with lots of rebate. The rebate will help absorb the $2400 you are upside down.|||trade it in on something cheaper, or sell it privately|||trade in, either way you lost a lot.|||If you trade it in, you will get a value that is less than you owe. The difference between that value and your balance is applied to your new car price. Bad Idea.





Go to the city and find a man named Gweedo and he will tell you what to do. Probably something like: park the car in a particular alley, leave a key in it. Report it stolen the next day.





Option 1 you are out the balance plus the price of a new car.





option 2 you are only out the balance.|||"I believe that sometimes you got to wreck the truck to get the insurance money to make the truck payment."|||If you sell it you will have to come up with the $2400 cash difference. You cannot roll that into a new car loan any more.





Or you find a better paying job.