<prompt> Human: First and foremost: Yes I am an idiot. No need to point that out, I am aware.I have a financed 2008 Toyota Yaris. Ive had it six months and theres nine grand left on the loan. The interest rate is an asinine 22 percent I needed a car to be elligible for a promotion, no credit, minimal savings. Also Im an idiot. The insurance is two hundred sixty a month through progressive. I have to have full coverage, and Im a young male. I can make the 310 payments and cover insurance, but it puts me right on the edge of living paycheck to paycheck. Im saving maybe a hundred dollars a month.My grandmother is willing to basically give me her beat up old car in exchange for driving her around. Id feel obligated to pay her something, probably a hundred a month for a year. AC doesnt work and it runs kind of hot, just shy of overheating, on longer trips. I live very close to work so that wouldnt be an immediate issue.The dealership I bought it from has a trade in pre-approval form on their site that values my car at 5,360 - 7,280. So Id be upside down, and still making payments if I just cut my losses and walked away from this. Assuming I got six grand and kept making my current payments of 310 Id be out of this by next September. Until then Id be pretty much in the same boat, plus an extra hundred or so saved from insurance.I can probably refinance to a less terrible rate, but I cant see it freeing up more than a hundred or so bucks a month.My tentative plan is to refinance, sell, pay down remainder as quick as possible, and hope nothing goes wrong with my grandmothers old car. Thoughts? Any and all advice is greatly appreciated!  <response>: I can probably refinance to a less terrible rate, but I cant see it freeing up more than a hundred or so bucks a month.That seems like a significant number, though. I think its worth at least looking into what kind of rate youd get if you refinanced. 22 is not a number you want to see when youre dealing with a loan. 