What to do with my car
Tldr: stuck with 2023 Nissan rogue(35k miles). Would it make sense to trade in for an older, cheaper, more worn truck simply for the sake that it’s a much more useful vehicle that I can make money off as well
I’m not sure where else to ask this but I need advice. Also would like to preface with the fact that I come from a family that has never dealt with dealerships. Have bought all their vehicles from private sellers cash.
We have had a 2023 Nissan rogue for about a year now. My fiance and her mom went and bought this car for the sole purpose of having her drive a newer vehicle that’s more reliable especially with our 2 kids. Everything is under her mom’s name and she was going to be entirely responsible for the payments because I didn’t really think we were ready for a brand new car.
Time goes by, her mom gets laid off and now I’m responsible for the payments. Also my little ‘99 truck was totaled so we only have the one car. It is what it is, I’ve accepted the responsibility of taking over the payments so no point going back to that. We’re past that.
So now we get to my issue. I really need a truck. I used to do side work on the weekends. Anything I could get. Mainly involved being able to put stuff in the bed. But since my old truck got totaled I haven’t been able to do anything like that in the tiny suv.
I’m paying $670/mo for this rogue with 100% negative equity. I figure if I’m stuck making these payments could I just trade it in for a truck? My goal would be at worst, to have the same payment amount. I wish I could knock off maybe $100 if possible. I don’t even want to be picky about it either. All I’d need is for it to have seats in the back for the kids. I understand and am completely ok with it being an older truck with more miles. Something in the range of $15-20k
I don’t have the cash to buy from a private seller (anywhere from $7-10k maybe?) and also don’t think we can financially maintain two cars either at the moment.
Please let me know what you guys think especially those who have more experience with dealerships