Selling an underwater financed truck

For just $25k can ride it till it blows up.
I'd rather have one of those than a 700k Mile emissions truck.

 

Since when is it ok to welsh on a deal? I would work my ### off to pay for it. The pain will be remembered and you won’t over pay for the next one. Education is expensive and I have integrity.

 

Not sure who in their right mind would buy that for 80K but if you can sell it I would. I would just sell it for what you can get out of it and take the buyer to the bank and wire all funds together to complete deal.

On my last truck I owed a little money on it and had the buyer pay me and then I wired the money to pay it off at the bank with him there. No issues as along as you are at the bank to do the work. They will have you both fill out the paperwork to do the work and hopefully like in my case we both had the same bank. No one was worried since the bank handled all the paperwork while we both set in the office to get it all paid off and transfer all information to him.

 

If you have the money to pay it off and just choose to turn it in then you deserve to get sued for the difference and have your credit destroyed.

 

Ok first that is not an 80k truck, no way no how. If you can get it great but my honest opinion is first it has almost 700k miles with no rebuild. Many engines fail in the 700-1mil bracket and will require a rebuild. Thats going to be a big hit to the value.

Second it may just be the photo and im having a hard time telling on my phone, but it looks like it has some pretty serious damage to it on the one side....if so thats
a pretty huge dent in the side of the type that potentially requires a new sleeper to fix. If its just the reflections then its not too bad though i can see a lot of scuffed damaged paint on the vehicle which is going to lower the value a bit

Next i can see a lot of rust on it in various areas which is not the end of the world but without better photos may indicate worn or damaged parts especially if thats actully damage in the photo on the side. Also i dont remimber reading if thats a cat or detroit under the hood. If its a cat that will boost the price a bit. But if its a detroit it wont just because cat cult always adds a few extra K to value.

Finally thats a bare bones unit with very little trim or upgrades i can see from the limited images. Thats going to further lower the value. As an honest assesment. Thats a 40ish K truck MAYBE 50ishK if that side is not damaged and its got a cat. And ive seen glider trucks with less miles, higher trim and in better condition overall going for much lower then 80k.

As for the rest @Siinman summed it up. For insurance just call and ask for storage insurance on the unit to various insurance places. I dont know about your area but where i live its a pretty standard option for the local farmers.

 

Ive known people who've filed bankruptcy . Lenders stand in line to loan money because they know they cant file again for 10yrs . Today may be a different story because of economy but idk.

 

paying off the loan and getting the title in hand would make selling much easier.. making a new owner wait weeks for a title or some other convoluted plan you have is going to discourage buyers.

should be no reason you can't insure the truck with some kind of storage insurance or something. call your agent and tell them what you are doing..

 

You can’t sell a truck without a title… and even if something happens you may still own the bank money on after insurance, that’s

a 15-20k Columbia with a Walmart paint job, that I can see the orange peel on from here, and not one single drive tire matches, what else have you hacked together? Does it even have GGG in the VIN? pay it off, get the title and sell it, sound like every other scammer trying to pull a get rich quick scheme,