<prompt> Human: Hi everyone,Im considering turning in my vehicle that I am currently financing becuase the monthly payments and interest are too high. I financed this vehicle at a time when I didnt have much credit or income. I now have a credit score in the 700s and am considering leasing for 36 months and for lower monthly payments. Anybody have any advice? Ive looked up info online and I know not to put down more than 1,000 on the car, but Im hoping I can maybe cut my current car payment in half with lower interest. I currently pay 400 a month with about 9 interest for my car that Im financing. I know it was stupid, but I was young and naive and really needed a car after mine broke down and Im trying to get a better car deal now. Can you guys tell me what a good interest rate would be? Or if leasing is a good option?Thank you.Assistant: What is your plan for your current car? What do you owe? What is it worth? Human: Just looked on KBB and looks like my car is worth 7755 Assistant: So, youre upside down around 6,000. You dont have many options other than to try to refinance and keep going on this car.Human: Thank you for your adviceAssistant: I was just curious becuase my mom just traded in her car she was financing for a new lease. She was upside down several thousand dollars, but her monthly payments havent changed and she is now in a three year lease. It seems as though she hasnt absorbed the amount she was upside down..Human: Your mom lied or missed something. Assistant: Well she didnt lie, I saw the paperwork. If her payments are the same for a 3 year lease, what is there to miss?  <response>: Shes paying more than the normal lease price. They rolled her previous debt on the car, the upside down part, into her lease payment. So if a car lease is 200mo, and its for 36 months, shes paying 200mo the upside down portion of her previous car on top of it. Shes now leasing but paying the cost of buying a car.A lease is always less than if you had purchased the car outright. But by purchasing outright you get the car at the end of the deal. With a lease you give up the car and take on another payment, or you buy the car at the end and now youre back to making payments for whatever the value is of the car at the end of the lease. So, she gave up her old car for a new car but is still paying the same, but in the end she doesnt get to keep the lease without paying more.Sounds like a shit deal. 