Should I Trade in My Car if I Still Owe Money on It?

I have a 98 SLK. I got around $8,500 for it. I still owe $2,000. Im thinking about getting a car worth $10,000.
What would be the best option? Trade or dont trade?

Suggestion:

Trade, but make sure you get a trade in value of over $2,000 so your loan will be paid off and you'll have some to put down for a down payment

{ 1 comment… read it below or add one }

pay off & start fresh

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