No we don't own a house. We have made some bad decisions in our lives and are trying slowly to right the ship. Thank you for the advice. It is appreciated.
Yes, dealerships will buy the car back - but they can only pay current value, minus the salesperson's commission, registration, title change, clean-up. Depreciation is the largest factor, maybe $4000 ...
My girlfriend of 14 years and I bought a car a year ago in November. Our payments are almost $600 a month. I tried to refinance but couldn't get a better deal because the equity in the car isn't there ...