Truckers Report Jobs

Find Trucking Jobs

Company Driver Company Driver Dry Van Dry Van Flatbed Flatbed Refrigerated Refrigerated Specialized Specialized Owner Operator Owner Operator
More Trucking Job Searches ⌄ Fewer Trucking Job Searches
⌃

ADVICE!!!!!!

Discussion in 'Ask An Owner Operator' started by liljim, Mar 15, 2019.

Page 1 of 3
  1. Mar 15, 2019 #1
    liljim

    liljim Bobtail Member

    31
    4
    Jul 31, 2018
    0
    I bought a 2013 freightliner Cascadia 4 months ago from a dealership. In the four months I have not miss any payments and truck is steal in great shape. The truck is financed for 2 1/2 years. Now here is my situation my brother passed away in April 2017. He bought a 2016 W9 Kenworth with all the bells and whistles. The truck still has the remaining factory warranty. The truck only have 264,854 miles on it. He left his truck to me in his will and the truck is paid for in full. My question is can I turn my truck back in to the dealer that is current on all payments? Will I get sued? What are my options? Thanks in advance
     
    liljim, Mar 15, 2019
    liljim, Mar 15, 2019
    #1
    jamespmack Thanks this.
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. Mar 15, 2019 #2
    Expeditor

    Expeditor Medium Load Member

    451
    530
    Mar 5, 2018
    0
    Sell it.
     
    Expeditor, Mar 15, 2019
    Expeditor, Mar 15, 2019
    #2
    jamespmack and QuietStorm Thank this.
  4. Mar 15, 2019 #3
    tnevin225

    tnevin225 Road Train Member

    1,166
    1,601
    Jan 1, 2014
    0
    Why not just sell it outright and pay the loan off. That way your credit won't get hit, or might see if dealership will take it back on consignment and sell it for you while you keep up the payments till it's sold.
     
    tnevin225, Mar 15, 2019
    tnevin225, Mar 15, 2019
    #3
    jamespmack Thanks this.
  5. Mar 15, 2019 #4
    QuietStorm

    QuietStorm Heavy Load Member

    899
    1,416
    Dec 11, 2016
    0
    Sell the cascadia or put a driver in it.
     
    QuietStorm, Mar 15, 2019
    QuietStorm, Mar 15, 2019
    #4
    jamespmack and Midwest Trucker Thank this.
  7. Mar 15, 2019 #5
    uncleal13

    uncleal13 Road Train Member

    3,797
    6,295
    Apr 9, 2009
    Humboldt, Sk
    0
    You are responsible for the amount due on your truck.
    But it would be worth talking to the dealership to see if they could help you out.
    They may offer to buy it back for $5k or $10k less than you paid and you would have to cough up the difference. They could sell it for you for a fee, either way you’ll have to come up with any short fall. Or you might be lucky and break even.
     
    uncleal13, Mar 15, 2019
    uncleal13, Mar 15, 2019
    #5
    jamespmack, Mike2633 and Expeditor Thank this.
  8. Mar 15, 2019 #6
    ZVar

    ZVar Road Train Member

    10,911
    23,828
    Sep 10, 2010
    Flint, MI
    0
    Why not actually read your contract with the dealer to find your options. Short of that find a contract lawayer.
     
    ZVar, Mar 15, 2019
    ZVar, Mar 15, 2019
    #6
    jamespmack, Mike2633 and bzinger Thank this.
  9. Mar 15, 2019 #7
    x1Heavy

    x1Heavy Road Train Member

    34,017
    42,137
    Mar 5, 2016
    White County, Arkansas
    0
    Sell it and pay the loan off.

    BE prepared to sell for less than loan. You pay off the difference.
     
    x1Heavy, Mar 15, 2019
    x1Heavy, Mar 15, 2019
    #7
    QuietStorm, Expeditor and bzinger Thank this.
  10. Mar 15, 2019 #8
    Midwest Trucker

    Midwest Trucker Road Train Member

    5,905
    21,350
    Aug 31, 2018
    0
    Sorry to hear about your brother.

    You can sell your truck and pay off the loan, or sell your brothers truck and keep on trucking with yours. Or, like was suggested you drive his truck and put a driver in yours.
     
    Midwest Trucker, Mar 15, 2019
    Midwest Trucker, Mar 15, 2019
    #8
    jamespmack, I glide 47, x1Heavy and 1 other person Thank this.
  11. Mar 15, 2019 #9
    roadmap65

    roadmap65 Light Load Member

    275
    296
    Feb 26, 2015
    0
    Did you put a big down payment or are you upside down on the loan? Truck prices are crashing right now
     
    roadmap65, Mar 15, 2019
    roadmap65, Mar 15, 2019
    #9
    jamespmack Thanks this.
  12. Mar 15, 2019 #10
    Coover

    Coover Road Train Member

    1,573
    3,593
    Dec 9, 2016
    0
    Sell the big hood, pay off your loan, and pocket 50 grand.
     
    Coover, Mar 15, 2019
    Coover, Mar 15, 2019
    #10
    jamespmack Thanks this.
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

    • Page 1 of 3