<prompt> Human: Hello everyone. Long time lurker, first time poster. I have utilized a lot of advice Ive seen in other posts in this thread, so I thought I would come here to seek advice for my current situation. Ive recently been given an ultimatum from my parents regarding my car, and Im unsure what to do. Long story short, my mom bought me my first car at 18. It was a used car and probably overpriced for a teenager, but I didnt complain at the time. About 3 years later my parents decide to buy a brand new car for themselves, only to decide they dont like it. It cost just under 40k and my mom put no money down at time of purchase. Since my used car was having major issues and service costs, I offered to sell my car, take the new car sitting in the driveway, and gave my mom all the money I got from the sale.I have driven the new car for 2 years now with my parents making payments on it. The only money I have put into the car is the basics like oil change, windshield wipers, and 4 new tires. They have even paid my insurance. I am very grateful for this, but unfortunately my run has come to an end. They are now asking me to take over the payments and sign over the car to my name.In general, the car is in great condition and has about 40k miles on it. I dont particularly like the car that much because it is a 4 banger SUV, so it is extremely slow going from 0-60, which makes merging onto the freeway somewhat dangerous at times.The car loan has a remaining balance of 22k. If I were to trade it in, CarMax told me I could probably get 18k for it, which would leave me currently upside down by 4k. My current take-home income is 532 a week, and I pay 500 a month in rent. I have decent credit and could probably get the car refinanced to get a lower payment if I went that route. The current interest rate is over 6.The current monthly payment is 582, which is extremely high in my opinion. If I were to go buy my own car, I wouldnt buy a car that had that high of a payment. Its also a lot to take over a 22k loan on a car that I dont completely love. Its not a car I personally would choose if I were to buy one, but my parents understandably cant afford to keep paying this much for me to have this car.I recently got a good job after spending some time unemployed. My current savings is about 1500. Luckily, I am not paying a lot of bills. Heres my expenses:Rent: 500moGas: 120-140moCredit cards: Ive been paying 500 month to pay them down and currently have about 1000 left in cc debt, so should be paid off soon.So my question is, should I suck it up and just take over the loan? Should I trade it in and get a cheaper car and just add on the negative amount to that loan? Should I trade it in and lease a car? Im inexperienced in the car world and dont know what to do.I want to pick the best option that helps out both me and my parents. Im extremely thankful for everything theyve done for me so far, so I dont exactly want to just give them the car back and get my own car separately. I will if I absolutely need to, but that puts them in a crappy situation.Thank you in advance for your help!TLDR: Parents want me to take over car payments. I would owe 22,000 with payments of 582 per month at 6 interest. What should I do?  <response>: Do whatever you can to get rid of this vehicle and get a good used one that costs a lot less that you like! 