Upside Down on my loan!!

[hulkster]

Hello everyone. I had a quick inquiry looking for some feedback on my current situation. Recently my 2000 Solara engine began experiencing engine issues. I was told the engine needs replaced and it's under no warranty. This comes out to about 3000. The car blue books in condition/mileage at 3500 in Good Condition. The problem is that I still owe 5000 on it. The Toyota dealership told me they can offer 2500 for the car on trade and plus the two current promotions I'm eligible for on the 09 Yaris. Thus, my price on the Yaris something like 16435 - 2500 trade/rebate - 1900 promos - 2000 down + 5000 current loan. Considering my situation, is this a fair proposition from the dealer? I dont' know my credit score, but I'm assuming my credit is quite solid