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That's the best way to shop for a car anyway. Set a firm price for the car you're buying and what you expect for the trade in, and don't walk off the lot paying a dime more than that after everything is factored in, including interest, taxes, everything. Being upside down on the loan complicates things, but if you can save enough on the new car, it could possibly be worth it. Edmunds.com has some good tools to show exactly what you can expect to get a certain car with certain options for in your region, so I would go and play around with that. Good luck!
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