<prompt> Human: We bought a new Nissan Versa June of 14, and foolishly financed it. At the time I justified it such that I was going to keep it forever, but Im realizing that its not worth the payments were making. The problem is Id like to sell it and get something cheaper and not financed to use daily, but we still owe more on it than its now worth, and we dont have the funds to cover that difference. Any suggestions for what to do?Monthly payment: 307Interest APR: 4.5Still owe: 16kValued at: 9kEdit: After reading everyones and talking with my Fiancé. Weve decided to pay car off quickly til we can break even or pay off car and keep it. We had figured it might be the case and we have been confirmed. Thank you everyone!  <response>: There is no easy way out of this. The 7000 negative equity has to be paid. If you want out of the car, youll need that in cash. The other alternative is to keep the car, pay as much as you can toward principal every month, and get to a break-even position ASAP. At that point you can look into selling.In the meantime, take good care of it. Maintain it, keep it clean, fix anything wrong immediately. Youre going to need this car for the next couple of years. 