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From my experience carmax will give you a rock bottom offer...I'd guess somewhere around 9-10k. I had a lexus before my tacoma and they offered me just over half of what I ended up selling it for. With your truck, they're going to send it to auction where some lower end used car lot will buy it to sell off. Given that someone has to make money at each step, there's not much they can offer you.

But it's worth a shot...it's free to have them appraise it.

 

If you have "not too good credit" check out American General Finance. There rates are pretty high but their loans have no prepay penalties which means you can pay it off within a few months and only pay interest for the period of time you have the loan. They can do small unsecured loans as low as $1000.

 

Someone will financial expertise will need to let me know if this could actually work, but how about something like this. Sell the truck for say 11,000, put that lump sum towards the pay-off and then continue to make truck payments on the loan until it's paid off. The issue is the buyer would be essentially buying a truck with a lein and wouldn't the title until you paid off your loan. If you find a buyer willing to work with you, that wouldn't be a bad option. You also wouldn't have to pay the insurance so it would free up some more money, allowing you to make a higher monthly payment.

 

I doubt anyone is going to want to buy your truck unless they can get the title with it. They're not going to want to risk waiting for you to pay the rest off.

I'd hate to get a loan just to be able to sell my truck. Is there no way you can keep it...2nd job, cut some other costs?

I'd say the best option you have is to have someone pick up the payments, but there again, you may have a hard time finding someone to do that.

 

What is the market in your area for used Tacomas? (listings off Craigslist & Edmunds True Market Pricing etc. private party).

No info on the Bridge Loans, do you have a family member who can help out with the difference even if it means you sign a note with them? I have done this for my sister. The idea of a second job may help knock off the gap too is a good suggestion. It won't be forever & you will be back on track financially quicker. Yeah I hate these painful lessons. Been there done that myself a long time ago.
I wish you the best of luck getting out of the situation.

 

Ok, You would have to get approved for an unsecured loan first for the remainder of loan. Trade value would be you target number so if you do get some offers you would have the available cash to pay off the rest of loan.

Not sure of an option, maybe you can check with your bank to re-finance your current loan and keep the truck. What kind of shape is truck in? what does it need?