<prompt> Human: So Im 23, and a year ago I bought a 2010 Rav 4 with 50,000 miles. A little over a year later, Im at 95K miles I shared the car with my then boyfriend - I know, bad idea. Im paying 260 a month, plus insurance. However, I still have about 13k left on the car loan. Obviously, the car has significantly lost its value, and Im kinda gonna be screwed either way. But Id like some advice on how the best way to get my moneys worth out of this some how. Should I trade in my vehicle for an older one that has less miles but is roughly the same value I believe KBB values my car at around 7,000 right now, at the low end. Or should I just bite the bullet and continue paying this for the next 5 years? I do have around 5,000 saved that could go to a used car, if I sell the Rav Im currently driving. Or I could put that 5,000 into the Rav loan and pay it as a lump sum to bring down my loan amount. Any help would be great! I obviously learned my lesson because I basically screwed myself over in sharing this car and racking on the miles and ruining its value, but Im trying to make the best of it I can. TIA!  <response>: Well in a perfect world, if you trade one thing for another one at the same price, theyre going to be equal in value so its not a necessarily good or bad idea financially, so whatever makes you happiest is the key. But a 7,000 non-Rav 4 with less miles will probably lack whatever features you liked about the Rav 4 after all with less miles, its got to have a downside.And there are transaction costs - with a car its sales tax plus maybe forfeiture of the rest of the years registration, and a few fees at your DMV, which varies on your state of course, but the sum of all the costs would probably be close to 500. For that reason alone, Id say just keep the car you have.And note whatever youve done to the car to make it lose its value is already done - its a sunk cost, and shouldnt cloud your judgment I dont think sharing a car with your boyfriend was even a bad idea - it saved money overall, right?. Just think of it this way - if you had 7,000 or 12,000 really, since you have 5k saved up and no car right now, would you rather buy the Rav 4 with 95K miles, or the non-Rav 4 with less miles for 500 more? 