Is that $29k including the $5k you owed on car? If it were me, I'd be looking at used trucks around the $13-14k range if I was that much in a hole on a loan. Assuming a 5yr loan, you may still owe $22k+ in 3yrs and have a used truck worth $12k. As long as you dont get sick of it by then no biggie, but I wouldn't want to be stuck trying to get out of it.