<prompt> Human: Young family member in her 20s made a decision to buy a CPO Nissan for a total loan of 14k. I advised against it due to PF, but she did not listen.Vehicle market value at this moment is 8-10k. She owes 500month in loaninsurance with income of 1000month Crazy, I know.Finally saw the light about the horrible decision and wants to return the car and get a used 3-4k beater until she finishes school.What options does she have to get rid of this loan? She is talking about returning the car to cancel the loan regardless of credit hit, but I dont think she will clear the entire 14k doing that Need advice PF.  <response>: you cant return the car, she has a contract for a loan. Where did she come up with that idea?a car can be repossess and sold at auction and she is still liable for the difference in what the auction brings and what she owes and it be a much larger amount for sure. She needs to sell it for a loss and pay off the difference. 