<prompt> Human: My wife and I recently had a baby and she is now staying home to raise our son. When we look at our budget we are scrapping by, but making it. Well, we were until my car that I have been driving for the past 11 years finally bit the dust. Last year, when we had both incomes, we purchased a used 2007 CX7 for my wife. The car is in great shape, and we enjoy it, but the payment is about 420 a month. We are now realizing that we could use that 420 to make payments on two more modest vehicles that are slightly older and maybe have a little more mileage.With all that said we know we are about 5,000 upside down in the car. After all the taxes, fees, and the dealership was so kind to convince us to tac on a warranty. We currently dont have the extra 5,000 available to make up the difference. I am just looking for any advice on the best way to get out of this situation. Thanks everyone! Assistant: Most likely you can cancel your extended warranty and obtain a partial refund, read your paper work.What is your interest rate?Human: The interest rate is right at 10  <response>: Holy smokes! Have you looked into refinancing the car? I bought a Mazda3 in August and have a 2.49 interest rate. Maybe shop around at bankscredit unions to look at their rates. 