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Thinking about selling my truck to my driver

Discussion in 'Ask An Owner Operator' started by gabton-tankers, Feb 26, 2015.

  1. Feb 26, 2015 #1
    gabton-tankers

    gabton-tankers Light Load Member

    92
    6
    Feb 11, 2014
    0
    To start off, I just own the truck and I hire a driver to drive it for me. So its difficult to assess the condition of the truck on a regular basis. I own the truck and its paid off. I have a 2007 International 9200 and its currently at 780k miles. Drivers come and go and some have thought about wanting to buy my truck but usually it's just some casual talk between us. If I am seriously considering wanting to offer to sell my truck, what would be a good proposition? I would like to see what type of agreement the driver and I can make to get this thing a possibility. Any thoughts would be appreciated!

    Other options: sell it on the market, trade it in, or put on ebay...
     
    Last edited: Feb 26, 2015
    gabton-tankers, Feb 26, 2015
    gabton-tankers, Feb 26, 2015
    #1
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  3. Feb 26, 2015 #2
    little cat 500

    little cat 500 Road Train Member

    1,950
    1,004
    Jan 17, 2010
    Abbottstown PA
    0
    if you sell this truck to a driver sell it out right no payment plan learned this the hard way driver tore the truck up i get it back dont trust no one they will blow it up and say come get your truck
     
    little cat 500, Feb 26, 2015
    little cat 500, Feb 26, 2015
    #2
  4. Feb 27, 2015 #3
    315wheelbase

    315wheelbase Heavy Load Member

    783
    600
    Oct 26, 2014
    0
    sell it out right or get a big down pmt, get a good contract for the financing, make sure that he has good ins with a low deductible, demand a dot inspection done at a dealer or good truckstop like petro or TA every 6 months,,make sure driver has decent credit too,,if me I would only sell it out right,
     
    315wheelbase, Feb 27, 2015
    315wheelbase, Feb 27, 2015
    #3
  5. Feb 27, 2015 #4
    FLATBED

    FLATBED Road Train Member

    6,665
    5,499
    Sep 14, 2008
    Back behind the Wheel and out of the OFFICE
    0
    Is there any chance of whoever buys the truck can still do the job its doing now ? if so use that as a selling feature and as others note sell it out right no CATCH ME if you CAN FINANCE DEALS
     
    FLATBED, Feb 27, 2015
    FLATBED, Feb 27, 2015
    #4
  7. Feb 28, 2015 #5
    Powder Joints

    Powder Joints Subjective Prognosticator

    7,162
    6,734
    Sep 25, 2007
    Rosamond, SoCal
    0
    The truck IMHO is worth about 20 to 25K, Sell it out right no payments.
     
    Powder Joints, Feb 28, 2015
    Powder Joints, Feb 28, 2015
    #5
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