<prompt> Human: Long story short, my old car broke down and I let my dad convince me that I should go to a car lot and finance something newer and more reliable. Im pretty handy with cars so it never bothered me to fix things here and there, but for some reason I went against my better judgement, put 800 down and let my dad cosign for me on a 2008 Ford Ranger. Having bought all my previous cars by owner through craigslist, I was in over my head and had no idea what I was getting myself into. The loan was for about 13K.So now Ive been paying 240 mo. for the past 12 months, and Ive barely paid off 1000. At this rate Ill have worn out the truck well before I come close to paying it off. I make 10 hr working 50 hours a week, so its a major chunk of my take home pay which is about 470 a week. If it werent for the car payment I could easily pay my measly 390 monthly rent and live somewhat comfortably without living check to check.I have done a little research and it looks like I could take out a loan at a better interest rate and pay off the car loan? What are some other options? This is a somewhat foreign subject to me so any help is very much appreciated. This is something that has been bugging me for a long time.  <response>: Whats the interest rate on the truck? You could try refinancing it, or sell it and pay the difference between the value of the truck and the loan. The truck is worth from a quick search about 8-10k. Youll have 2-4k to eat, so either youll have to pay that out of savings or take a loan for the difference. With that in mind, DO NOT take a loan to pay the difference. Then youll be paying off 2-4k BUT have no vehicle. Kinda dumb idea. Just keep paying on the loan and deal with the truck. Try to increase your income. 