Ziay!

SNS

...signed a 5yr loan in june 05? I am regretting getting the vehicle. At the time i just needed a car and they were willing to give me a loan considering i was 18w/no credit. I would like a diff. car with lower payments each month. Is it possible to trade it in for something different?

DragonBreath

It depends on two things, how much your car is now worth, and how much you still owe. After only 7 months of payments, there's a good chance that you are "upside down", that is, you owe more than the car is worth. In that case, you'd have to come up with cash to get out of the load - probably not what you want to do. Good luck.

chevydavehartwig

When you buy a car on credit, you usally(depending on your down payment amount) have at least a 2.5 year commitment to that car. Find out the payoff by calling the place who gave you the loan and compair that number to kbb.com trade in amount. That is the amount that you will need to buy yourself out of that car.
You can also run an ad in the paper for take over payments, but in reality the person has to get their own loan for your car and cannot just take over payments.
Refinance your car for a longer term or if you have gap insurance, drive it into the lake.