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Buying a new car that is even more expensive then your old car and rolling over debit from the previous loan is absolutely NOT the way to go. That's a good way to end up in serious financial hardship.
Your best bet is to over pay your current loan by as much as possible every month. (i.e. if your car payment is $500, send them $600 or $700 if possible) That will get you to neutral faster and allow you to pay less interest in the long run. Once you're neutral then you can start looking at new cars.
Dan
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