<prompt> Human: First off, let me say that Im trying to help a friend out by posting this. He recently got a job that utilizes his college degree and decided he was ready to get a vehicle. He signed the paper work on a loan at 7 for a used truck with 75000 miles. I think the total loan amount was over 35k. His monthly payments are somewhere in the mid 500s. This was fine when he first purchased it as he had no bills living with his parents but now he is looking in to move out and is realizing how big a mistake that high truck payment is. What are his options given the additional fact that this truck was purchased 4 or 5 months ago?  <response>: He should check to see how much the car is worth, and compare that to what he owes. Since he bought a used vehicle, it should, in theory, be fairly close, and he shouldnt be too far upside down. 