Not sure if this is the right forum, but

I'm not expert by any means...but I would have to say that there isn't a way you can get out of this lown. The best option is to be upfront and honest with your lender. First, call and let them know your situation. Hopefully they will be willing to work with you on a solution that works for both of you. Also, it may be necessary to think about getting a different car that will better fit your finances.

Good luck :)

That is the problem with secured debt. I've heard of people re-financing, but there are caviats for that as well. Your best bet, if you want to keep the car, is to figure out a way to lower your other bills or beg your boss for a raise. :P

Your best option is to sell the auto and borrow the difference from your bank. Then buy a cheap car and save cash for your upgrade.

The lender is not likely to ever budge on the payment amounts. They can possibly defer or extend a few payments to help you out in short-term situations; but it doesn't sound like that will really help you here since those are just temporary fixes.

The main questions becomes: do you really want to keep this car? If so, you can try refinancing -- however the LTV/equity in that vehicle plays a big role and how much you're borrowing to pay it off -- your payments might be about the same with another lender. Or else you would have to find some way to make these payments, by reducing your other expenses.

If you're not necessarily stuck on this car, you might trade it in for one that is less expensive and therefore lower payments.

There are calculators where you can enter your desired payment, rate and term - and it will tell you how much the car should cost in order to get that payment. There is one here at @@http://www.cars.com/go/advice/financing/calc/loanCalc.jsp@@ - click on the "Affordability" tab. Once you have this number, you know to look for a car within that price range in order to get the payment you want.

Do not trade your car for another, you will loose big.Sell your car for as much as possible, borrow the difference and try to get alittle more for a cheap car. Go to kelleybluebook.com and find out what your car is worth.