buy more fuel efficient car?

I say go for the fuel-efficient car. You won’t regret it. You will save more in the long run, since car payments are lower than those for SUVs and you won’t have to fill up your tank quite as often. I’ll tell you, I adore my fuel efficient vehicle (2005 Nissan Sentra)…I wouldn’t drive anything else.

Could you try use natural gas as fuel becuase is more cheaper and enviroment friendly

i think you should make a taxi out of the fuel hogging SUV and then earn something from that bussiness. after 1 year you could go in for the fuel efficient car. that would put least stress on your finances i guess.

yea, go with a rice burner, the amount that you save in fuel will make the car payments.
most car dealers will pay off the trade in

If you trade your SUV, you’ll get much less for it than you would if you sold it outright and paid off the loan. Further, if you’re “upside-down” on the loan(you owe more on the SUV than it is worth), the difference between what you owe and what it’s worth will be added to the purchase price of your new vehicle by the dealer. Dealers rarely lose money on a trade-in.

If you buy another vehicle to replace your SUV, you’ll take a hit in depreciation the moment you drive the replacement vehicle off the lot – and in the case of a new vehicle, you’ll take a HUGE hit. Gasoline savings won’t make up for the depreciation hit.

Generally speaking, trading vehicles to save money on gas will wind up costing you more than you’ll save in gas when you consider the depreciation on the new vehicle, trade-in value of the old vehicle, whether or not you’re upside-down on the current vehicle you own, the cost of interest on the loan for the new vehicle(thousands of dollars there alone), and the cost of insurance.

Personally, I’d pay off the SUV and keep it for a while after that. Gasoline is cheaper than a car payment.