<prompt> Human: I purchased a 2004 Honda accord in July 2013 for 12k 6.75 for 5years. I paid 250 a month. This is the first car I have ever purchased and at the time my credit was in the toilet. My credit is better now and I still owe 8k on the car. The car is worth maybe 5.5k if Im lucky. Is there a way to get a newer car and keep my monthly payments roughly the same or less? I heard you cant refinance your car once I gets past a certain age.  <response>: Your problem isnt the interest rate, its your purchase price. Right now, you owe the bank 8k and theyre going to hold you to it until you pay 8k, whether over the next 3 years, or 2.5k now and a 5.5k check from your prospective buyer private or dealership.If you go into a dealership, they may offer to roll your negative equity into a new car. DO NOT DO THIS. Its basically what got you into this mess in the first place, the only difference being you wont mind for another year or so until you want a new car again, and instead did yourself 5k underwater instead of 2.5k.Keep paying it until youre not underwater, then you can save a solid down payment on a new car 