<prompt> Human: Hey! So kinda confusing bits here, and feel free to tell me if its wrong subreddit. I got a large truck right before Christmas, I work in northern Alberta and was planning on turning it into a welding rig so then I could have it paid off fairly quickly. Thing is my plans have changed, and the payments on it are ridiculous for me and I see it now. So Im looking to trade down. I have 68,000 owing on it, and its worth 55-60,000 if it were a personal sale. If I go to a dealership theyre offering between 48-53. Ive only recently had interest in someone who may want to buy my truck outright, which made me think. Is there a way to sell it, for less than whats owing, and keep that loan in my own name while having that truck under new ownership, and move that negative equity to a new loan for a smaller truck? If theres something unclear please let me know and Ill do my best to make it clear :Assistant: Thanks for the comments everyone!!Unfortunately I have no money right now, including a negative checking account, 3 digit savings, and almost up on my credit card. I guess the important thing right now is to get the payments lowered, while still keeping a truck. The truck part is important to me, Im an almost fully ticketed welder, and am planning on making accessories and the like for it to sell on the side, also to make use as a camper for future trips. Im looking at trucks in the 30,000 range at dealerships right now. The way Im figuring correct me if Im wrong is:68,000 minus worst case 48,000, I can basically add 20,000 to the cost of any vehicle I get. To lower payments by a couplefew hundred bi-weekly would be a great help to me right now. I guess there wasnt much of a question in this bit, but maybe just a bit more info. I think I may go this route, but might just have to not get a truck  <response>: You should not trade this on a new 30k vehicle. Read my post and really consider what position this puts you in medium-long term. 