...15,000 mi. I need to find a solution? to my unexpected financial situation. Someone told me they thought I could trade this car in for it's trade-in value and buy a "cheaper" car for the amount of the difference for what I would owe after the trade-in. Around $11,000 - then refi on that amount for another 60 months. Does this sound right? I don't like car dealerships at all - just want some extra advice before I give this a try.