should i get out of my vechical loan?

I agree with Ang-might be hard to sell. You might need to get a loan for the difference if you can't sell it for enough to make a profit.

I just bought a corolla, and know how pushing sales people can be. Walked out of one dealership, went to the next and bought the vehicle. No extended warranty, they did not push me on anything. I carried a pissy attitude from the last dealer. Could you possibly trade down and in the mean time get something that would be a little more fuel efficient. you will probably be better off trying to trade down, call a different dealership and see. If you wait till around winter, you may get a better price, is it 4x4, I am just assuming so.

Hmmm. Hadn't that of that fedupinpa. That's a good idea.
Ladybug, I'm with you...I couldn't afford the gas in it either! :-)

Great idea Fed!

I'm in NJ...got gas Wednesday & it was $40! I have a 2004 Nissan Altima...its good on gas, but DAMN the prices!

bfc-First the semi-good news...you have a vehicle, a Cadillac that retains value pretty well...its considered a luxury vehicle.

No so good news..your best bet would be to try to refinance it. By my calculations, you probably have an 7-8 year loan term right? What is your interest rate?

If you downside, you will probably be upside down, but probably not by too much. AT WORST CASE, and I dont recommend this but you might have to, is to downsize and roll the defecit into whatever car you buy UNLESS you have the cash to pay the defecit.

Goodluck, let us know what you decide to do.