<prompt> Human: So I purchased a pick up truck early last year when I was making very good money 100k. Its a 50k truck with a 800month payment. My wife works too, though I am the bread winner. Fast forward to the summer when I was forced to change positions within the company. It was that or pink slip. My paycheck was cut in half. We slowly but surely burned through the savings we had to make ends meet hoping something would turn around and I could get back. Needless to say it didnt happen. We started falling behind on bills and then the creditors started calling. I ended up changing jobs and making a bit more money, but still not to the level I need in order to justify the truck.What Id like to do is take the truck to a dealer and get into something cheaper. A truck is a need for the work I do. The package was a luxury, the pickup itself is not. But how can I do it without getting absolutely screwed? Or do I just have to take this one on the chin and learn my lesson? Were making other steps to get everything within our new budget and we know it will be probably years until our credit is back in shape. But if I go for say a 20k truck, Im worried I wont get financed or the APR will be so bad, it wont make good sense. Looking for advice and suggestions. Thanks!Assistant: What do you owe and what is the truck worth today on Craigslist or CarMax? Answer those questions 1st and then the options get easier to assess.Human: 53,XXX is what I owe, truck right now is worth about 47,500 according to those sites.  <response>: Sounds like you should sell it ASAP before the value drops more. 