<prompt> Human: Hello,First of all I know that it wasnt the best financial decision of my life, I just want to hear some ideas if any about what my possible solutions are. This is my situation:-Purchased car 6 months ago-515 Monthly Payments-car is depreciating very fast, hence my concern.I tried going to a dealer with the intent of trading it for an older car, however the cars value dropped 8,000 in 3-4 months of ownership.any advice will be appreciatedAssistant: Youll get even less if you trade it in. The most youll get is by selling it private party. Whats the private party value vs. your loan balance? If you can even get close to the loan balance you could borrow money elsewhere to pay it off in full and be clear of it. Human: the balance on the loan is 21k and the value is down to 13k, it doesnt help that 3 months after I purchased the vehicle the dealer price went down 5k.Assistant: What kind do you have and what is the mileage?I assumed GT Sport - 5000 miles. Book value is 20,400.Human: I have the stock modelOutlander ES, the book value now is less than when I purchased the vehicle, 12,000 miles after 2 consecutive PA to Florida tripsAssistant: What is a stock model? I think the core issue here was the over payment, MSRP was only 21 and no one pays that. No one tends to say this on this forum, but the easiest solution is to find another side job or more hours. Making 500month is trivial.Human: an additional job wont help me much, according to the IRS I make to much money as a single person and if it wasnt because I claim my mom since I taking care of her financially. I am afraid that I would be owing a lot of money to the state instead of getting a refund.  <response>: What? Additional income cannot hurt you. Period. 