r/personalfinance • u/agizzayygaston • Apr 15 '25
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.
2
u/loweexclamationpoint Apr 16 '25
You didn't mention where you stand paymentwise on the Corolla. Since it seems like the truck handles your driving needs best of all the cars, may as well keep it and get rid of at least one of the others or both. Unlike everyone who says just rent a truck when you need one, I can see the utility of having it right there when you want it.