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

250,495

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
69,275

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

Add photo

Related Questions

Search Toyota Tacoma Questions

Toyota Tacoma Experts

#1 Tom Demyan
Tom Demyan
Reputation 1,050
#2 genxer36
genxer36
Reputation 340
#3 BURT100
BURT100
Reputation 330
View All

Related Models For Sale

Used Toyota Tundra
17 Great Deals out of 783 listings starting at $4,499
Used Ford F-150
427 Great Deals out of 9,085 listings starting at $922
Used Nissan Frontier
7 Great Deals out of 416 listings starting at $6,450
Used Toyota 4Runner
7 Great Deals out of 428 listings starting at $5,000
Used Chevrolet Silverado 1500
161 Great Deals out of 10,448 listings starting at $100
Used Chevrolet Colorado
12 Great Deals out of 1,340 listings starting at $4,499
Used GMC Sierra 1500
226 Great Deals out of 10,179 listings starting at $2,995
Used Ford Ranger
70 Great Deals out of 330 listings starting at $3,895
Used Jeep Wrangler
82 Great Deals out of 1,533 listings starting at $2,488
Used Dodge Ram 1500
57 Great Deals out of 528 listings starting at $2,995
Used GMC Canyon
27 Great Deals out of 1,325 listings starting at $1,995
Used Nissan Titan
23 Great Deals out of 685 listings starting at $3,892
Used Honda Ridgeline
9 Great Deals out of 337 listings starting at $5,500
Used Toyota Camry
43 Great Deals out of 1,606 listings starting at $1,700

Used Cars For Sale

2017 Toyota Tacoma For Sale
6 Great Deals out of 260 listings starting at $35,990
2016 Toyota Tacoma For Sale
3 Great Deals out of 66 listings starting at $23,364
2015 Toyota Tacoma For Sale
9 Great Deals out of 99 listings starting at $20,950
2014 Toyota Tacoma For Sale
3 Great Deals out of 85 listings starting at $16,944
2013 Toyota Tacoma For Sale
64 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.