<prompt> Human: I own a 2014 Toyota Tacoma with 60,000 miles. I owe 17K on it. I could sell it privately for at least 15K. I have the money to pay the 2K difference. My car payments are 350month with a 4.2437; interest rate. I can afford the payments but I recently decided I didnt need such a vehicle, and that Id much rather be debt free. I have no other debts.Does it make financial sense to sell the truck, and buy a 3K reliableish car with cash?  <response>: If you have 5k to throw at the car, 2k loss 3k toward a beater why not throw it at the loan and start saving for another chunk of money? 