Dodge

I just bought my dodge minivan and i havent bought a car in years, the sale price was 9500. but with extended warrenty and taxes it is now 11000. my payments are 285. i am so upset, because i feel it is so much money, they told me to refinace in 6 months, my question is how do i get my payments lower and what happens if i trade it in or give it back?

In another question you mentioned you had a bankruptcy discharged, that accounts for a lot of the payment, seeing as it is extremely likely you are considered a high risk (sum-prime) loan. if you trade it in, you are going to end up losing a lot of money, and will end up with even higher payments. if you "give it back" it will be considered a repossession. the bank or finance company will sell the car at auction, and sue you for the difference between what you owed and what the van sold for (minus any and all expenses they have in selling it). the best thing to do is to pay for the van, and try to double up your payments to pay it off early. with a high interest rate, you will save a lot by paying the loan off faster!