Hey Scotty, my dads friend is an idiot he financed a brand new Toyota Highlander hybrid limited at 6.99 percent the total cost of the vehicle comes to $85,457 and monthly payments of $850 he got scammed by the dealership he needs to get rid of the vehicle because he can’t afford it anymore I suggested trading it in for a civic at 0.99 percent so the monthly payments would be much better thoughts on what he should do?
Do what Scotty did with someone who was fleeced at a Houston area Toyota dealer: Provided that his credit is good, he can get the entire thing refinanced at a local credit union.
https://www.youtube.com/watch?v=8vegLCuPiHM
If he "gets rid of it," he's going to take a large loss. You'll have to calculate the risk/benefit profile on the loss. And, there's another variable: Insurance costs. That too has to be calculated.