<prompt> Human: The loan on my car increased the rate of insurance so now I pay 180mo for insurance on two cars one is paid off. I pay 193mo for the car loan. I work so much, Im exhausted and Im not sure how to approach this. Can some one help? I also put 1,000 into a ROTH IRA account with fidelity and I dont know what I am supposed to do now. Assistant: Get rid of one of your cars.Human: Agreed. Why do you have 2 cars? If both are not needed then you should get rid of one of the cars and use that to pay off the second one. Assistant: Both are needed. My wife drives the car with the loan on it to and from work. We need to sell it to get a cheap car but I dont know how to sell the car for a cheaper one without having a loan when we owe more than its worth. Human: You cant unless you pay off the loan first. Not sure what you mean by need to sell to get a cheap car, you said it is worth 2500, that IS a cheap carAssistant: I know but I can lower my monthly payments by 300 loaninsurance premiums if I get rid of this car with a loan and get a car with out a loan.  <response>: Just pay aggressively pay off the loan on your existing car. Theres no point in paying off your existing car and then buying an even cheaper car. In the end, you arent going to get a car so much cheaper that it would be worth the hassle and taxes, fees, etc. Even if you downgraded to a 1000 beater, youd be barely better off financially and youd be driving a much less reliable car. Theres no getting around the negative equity in your car. You have to come up with the extra cash to pay off the loan. Then youre free to downgrade your insurance to liability only. 