<prompt> Human: Hello. Due to life and professional circumstances, my truck payment fell behind and by the time I had the money to catch up, a nasty Re-Po man called and said I needed to pay 4k in cash to the bank and that they were coming to seize my truck. I can no longer afford this payment anyway, but I still need transportation to work and school so my plan is to buy a pre-owned sedan, put the 4k down on that and see if they might take the truck too? I only made two payments on it since I had the truck, though, so I doubt there is any equity or whatever you call the cash value of a truck like mine which is financed to the hilt. Does anyone know if a truck which is late on its payments can still be traded in at the dealer?  <response>: You expect a dealer to take on your upside-down truck and then let you finance again?Good luck, man. Youre only option, other than paying the 4k to avoid repossession, is to let the truck go and buy a car for 4k cash to get you through a couple years. Your credit will be very heavily impacted by this and youll be lucky to get a finance offer at all. Even if you do manage it, the interest rate will be horrendous. 