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The problem with the car being "stolen" other than risking insurance fraud is, the car still might not be worth what is owed. If it goes missing, the insurance will pay what it's worth. If that price is below what is owed-she's still screwed.
Only out-Sell the car for what it's worth. Refinance the newer car via home equity or creative loan and cover the overage on the other car. She'll really be waay upside down on the new car, but at least out from under the old one.
She really f-ed up. It's gonna sting no matter what.
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