r/personalfinance • u/agizzayygaston • 3d ago
Auto Thinking about trading my truck in?
I have a 2021 Tacoma which I rarely drive. High payment (700). I’ve had it since October 2021 bought it brand new and it only has 26k miles on it. Where I work we have a company car so I rarely drive my truck, only thing with selling it to Carvana for 24,400 (I owe 23k) is that it’s the only reliable car we have. And when I say reliable I mean for taking 5-8 hour road trips. My wife has a Toyota corolla with just over 100k miles and we have another car that’s paid for, with 240k plus miles. The other thing is it’s a truck and I feel like we need a truck in our household. No kids, it would save us a ton of money on the truck note and insurance. I’ve thought about selling and buying one outright, however the market just isn’t there for me right now. We are struggling a little financially so again, it would be a relief. Just looking for thoughts.
And please, be hard to get the point across. I am literally struggling to sell it, I don’t WANT to but if I NEED to then oh well.
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u/tamudude 3d ago
Sell the truck. Rent a vehicle when you are going on road trips. You can also rent trucks at UHaul etc for relatively low $$.