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

262,065

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
71,875

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
    1,140
  • #2
    BURT100
    Reputation
    350
  • #3
    jtubbs
    Reputation
    340
View All

Related Models For Sale

Used Toyota Tundra
50 Great Deals out of 1,414 listings starting at $2,500
Used Ford F-150
655 Great Deals out of 13,606 listings starting at $3,000
Used Nissan Frontier
35 Great Deals out of 590 listings starting at $4,995
Used Toyota 4Runner
4 Great Deals out of 597 listings starting at $3,990
Used Chevrolet Silverado 1500
183 Great Deals out of 11,620 listings starting at $1,700
Used Chevrolet Colorado
21 Great Deals out of 2,120 listings starting at $1,999
Used GMC Sierra 1500
245 Great Deals out of 11,527 listings starting at $399
Used Jeep Wrangler
110 Great Deals out of 2,152 listings starting at $3,990
Used Ford Ranger
60 Great Deals out of 321 listings starting at $2,900
Used Dodge Ram 1500
52 Great Deals out of 504 listings starting at $3,488
Used GMC Canyon
22 Great Deals out of 1,740 listings starting at $3,795
Used Nissan Titan
29 Great Deals out of 530 listings starting at $6,495
Used Ford F-250 Super Duty
34 Great Deals out of 955 listings starting at $2,475
Used Jeep Wrangler Unlimited
89 Great Deals out of 4,227 listings starting at $599

Used Cars For Sale

2017 Toyota Tacoma For Sale
476 listings starting at $31,617
2016 Toyota Tacoma For Sale
5 Great Deals out of 94 listings starting at $24,995
2015 Toyota Tacoma For Sale
13 Great Deals out of 163 listings starting at $24,450
2014 Toyota Tacoma For Sale
3 Great Deals out of 85 listings starting at $16,900
2013 Toyota Tacoma For Sale
4 Great Deals out of 68 listings starting at $13,300

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.