<prompt> Human: My boyfriend bought a car out of necessity back in January. At the time, I had no vehicle at all, and he was in the middle of a break-up where he had to give the car back. He bought a 2008 Toyota Yaris for upwards of 10k. KBB Private Party is just over 5000. His credit is not great. I understand we are most likely pretty much screwed, but is there anything we can do to improve this situation?? From the looks of it, even a voluntary repo will negatively affect his credit, and we are trying to improve ours.  <response>: There are not any options where he does not owe the difference. Even a voluntary repo, which is an absolute bad idea. They sell it at auction, but they still want the difference that is owed. This is where the bank can take legal action. The best options are to aggressively pay it down with extra towards the payments. I imagine the interest rate is really bad, so paying it faster will minimize the interest paid.Option 1 - Pay the 5k difference, trade it in and get to zero and get a different car.Option 2 - Keep aggressively paying it off until he owns it, minimize the interest and drive it until the wheels fall off. Option 3 - Sell to a private party for as much as you can. He will still owe the difference to the bank, hope it sells for more than 5k. Then he owes the bank a little less. 