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Trade down your vehicle if your car loan is too high

Submitted by a LOZO expert
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If your car payments are no longer affordable, consider trading down to a cheaper vehicle. You'll take a loss on the value of your current car, but it might work out to your advantage if you can reduce your monthly payments, your insurance premiums, and the overall cost of your loan (which translates into savings on interest).

A LOZO expert posted this tip.

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