I have an 03 yukon xl that I owe around $15,000 on. My financial situation has changed since we bought it mainly due to a business deal gone bad. We sold a business to a guy who went bankrupt owing us 40K which we will never see. I have recently started a new business but cash flow is tight so I have fallen behind in payments, plus the truck has needed a few repairs lately costing in the thousands. How bad will it be for me for the bank to take the truck. I know they will auction it off and I will be responsible for the remaining balance. I figure anywhere from 5 to 8 grand depending on the auction price. This will look very bad on my credit. My only other option is to try to trade it in and end up with an upside down loan (if another bank will give me one) but at least then I wont have a default hanging over me. Any advice is much appreciated.