<prompt> Human: Okay so my girlfriend bought a Jeep last year on May 31st, co signed by her dad. At the time she was working two jobs and was able to pay for it, but since has backed down to one job and is looking at going to school. The payments started at 475 a month but after about 5 months the bank said they hadnt been charging her for something and the payments went up to 560 still a little iffy on why that is. Anyways, she has expressed the desire to trade in for something cheaper and better on gas mileage but is worried she would have to keep paying off the jeep since she is underwater. Is refinancing an option? Would she be able to trade in and pay off the balance over time but for a lower rate? Any input is appreciated, thank you!  <response>: Every used Jeep I ran a Carfax had several owners. Ran one 10 year old jeep and it had 7 registered owners. Seems like lots of people love the idea of a Jeep but fall out of love real quick, your GF is not alone.Only option would be have dad pay off whats not covered by the sale and her make payments to dad or maybe dad take out a signature loan and she pays it back on top of her new car payment.If she rolls the owed balance into a new car, you know she will be stuck in a high interest 72 or 84 month contract. Probably by one of those dealers that finance themself hoping to repo and sell the car 5 more times.What ever she does, dont let it go to repo or turn it in to the lender. The car will go to auction as a repo and will be sold at really low value. She will have to make up the balance, pay auction fee, transportation fee and storage fees. According to Litos Law podcast. Thankfully I have never been in her situation. 