<prompt> Human: OKAY, so. Heres the jig. I have a 24,500 balance remaining on a loan I took out for a 2017 V6 Mustang. I have buyers remorse mostly because Id rather have the V8 if Im gonna be in this deep of a hole. So, Ive been going back and forth on what to do and Im pretty sure Im gonna try and find a car for 5-6 grand and get by with that for a few years. Now heres the thing. My car right now is worth only 17-18K. So that means I have 6-7K in negative equity in the car. Should I just trade the Mustang in at a dealership for said 5-6K grand car, and have a new loan for 3 years or so? Or should I take out a personal loan for 7K, buy the new car outright no car payments in that scenario, and just have the personal loan to pay off? FYI Im not too sure how personal loans work but my credit is in the mid to low 700s. TLDR: Trade the car in on the way cheaper car and finance it with a new auto loan, or get a personal loan to pay off the negative equity in the Mustang then sell it and buy the new cheap car outright?  <response>: I am a bot. Your post contain the word mustang or camaro. Sell and buy an old Honda. 