Should I give my car to the bank

In a 2021 car has 130k miles and the transmission is slipping bad I still owe 23.5 k on it and my credit is not that great (mid-low 500s)as I have lot my job and are barely able to make the payments, was doing Lyft to get by but I can’t risk doing that now as idk when it will let go. Looked up the value and at best it’s 5k and a the cheapest new car around me is like 23k. My question is should I just surrender the vehicle and just bike to work and pay make payments on the remainder or bite the bullet and hope a dealership would get me in a new car but have 7-800 month payment with 15% rates. And no I’m not stupid enough to commit insurance fraud even though it has GAP