New vehicle for baby

Asked by May 14, 2017 at 11:52 AM about the 2011 Toyota Tacoma Regular Cab

Question type: Car Selling & Trading In

We recently had a child and the vehicle I
drive is a two seater pickup. I cannot
transport him in my truck because of the
car seat/airbag/child safety laws. The
airbag cannot be turned off manually and
there is no safe way to secure the car seat
base to the seat. I want to look into trading
in my truck for a sedan. Here's the other
dilemma:
I owe 8700 on my truck
It's worth 6000
I'm upside down with 2700 negative equity
Is it worth it if I trade my truck in for a
vehicle that's worth 6000? What are the
issues that I face with trading it in?

2 Answers

254,035

It's best to pay off the negative equity before picking up a new loan. If you can't, some dealers will roll that negative equity into the new loan, by giving you more for your trade at the same time adding the same amount to the new vehicle price, but it's not advisable to do so.

2 of 2 people found this helpful.
Best Answer Mark helpful
70,215

You may also be able to trade into a lease. The amount you owe isn't a whole lot and if the manufacturer is running a deal on new lessees they'll possibly absorb the $2700 to get you into a lease. Shop around. HTH. -Jim

Your Answer

Toyota Tacoma Experts

  • #1
    Tom Demyan
    Reputation
    1,070
  • #2
    genxer36
    Reputation
    340
  • #3
    BURT100
    Reputation
    330
View All

Related Models For Sale

Used Toyota Tundra
25 Great Deals out of 870 listings starting at $2,500
Used Nissan Frontier
22 Great Deals out of 418 listings starting at $4,950
Used Ford F-150
450 Great Deals out of 10,155 listings starting at $1,400
Used Toyota 4Runner
6 Great Deals out of 426 listings starting at $5,990
Used Chevrolet Silverado 1500
177 Great Deals out of 10,970 listings starting at $1,288
Used Chevrolet Colorado
17 Great Deals out of 1,444 listings starting at $3,995
Used GMC Sierra 1500
254 Great Deals out of 10,796 listings starting at $2,995
Used Ford Ranger
73 Great Deals out of 337 listings starting at $3,900
Used Jeep Wrangler
119 Great Deals out of 1,651 listings starting at $3,995
Used GMC Canyon
28 Great Deals out of 1,402 listings starting at $1,995
Used Dodge Ram 1500
46 Great Deals out of 523 listings starting at $1,300
Used Nissan Titan
24 Great Deals out of 580 listings starting at $4,950
Used Jeep Wrangler Unlimited
57 Great Deals out of 2,608 listings starting at $9,175
Used Toyota Camry
54 Great Deals out of 1,905 listings starting at $1,688
Used Toyota RAV4
46 Great Deals out of 3,068 listings starting at $2,495

Used Cars For Sale

2017 Toyota Tacoma For Sale
301 listings starting at $37,265
2016 Toyota Tacoma For Sale
5 Great Deals out of 71 listings starting at $26,625
2015 Toyota Tacoma For Sale
10 Great Deals out of 109 listings starting at $22,995
2014 Toyota Tacoma For Sale
76 listings starting at $18,685
2013 Toyota Tacoma For Sale
3 Great Deals out of 65 listings starting at $17,879

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use.