<prompt> Human: Back in August of 2014 I finance a Subaru under 18 interest rate because I didnt have credit history and no co-signers. Stayed in that for 9 months and got into a Jeep Wrangler at 3.49, ended up taking 8,000 negative equity into the new loan. It has been about a year since then and I am now realizing I do not need to have such an expensive car. paid 39,500 for it My payments are at 600month plus insurance is another 300. I hardly drive it so the heavy monthly price tag is no longer making sense to me. Since Wranglers do hold their value really well, I can trade it in for about 35,000 right now, and I owe 45,000. I work at a car dealership so I can get a lot of vehicles at cost, would it make sense to go into a cheaper car that will depreciate quicker, but I can cut my amount owing and term length in half? I am 22 years old, and making about 70,000year. Any advice is appreciated.  <response>: If you can get 35k trading it in, you can probably get the full amount you owe by selling it privately. Dealers screw you on trade-ins. We sold our Jeep on FB of all places for TWICE what the dealership offered for trade-in. Never, ever trade in a vehicle ever again. Ever. : 