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How best to sell the truck?

Discussion in 'Ask An Owner Operator' started by Golga, Aug 20, 2015.

Page 1 of 4
  1. Aug 20, 2015 #1
    Golga

    Golga Light Load Member

    67
    3
    Jul 22, 2014
    Brooklyn, NY
    0
    Good evening guys. I bought a truck on credit, worked on it for three months. Everything was wonderful. But now I was offered another job with more prospects. What can I do with a truck in this situation? Sell a truck and to repay the loan? Maybe someone has a similar situation? How and what better to do with minimal losses? Thank you
     
    Golga, Aug 20, 2015
    Golga, Aug 20, 2015
    #1
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  3. Aug 20, 2015 #2
    Straight Stacks

    Straight Stacks Paper Cha$er

    2,930
    20,768
    Jul 18, 2015
    Alabama Gulf Coast
    0
    I'll give you $100 for it.
     
    Straight Stacks, Aug 20, 2015
    Straight Stacks, Aug 20, 2015
    #2
    6daysontheroad and lots of character Thank this.
  4. Aug 20, 2015 #3
    Golga

    Golga Light Load Member

    67
    3
    Jul 22, 2014
    Brooklyn, NY
    0
    I understand your sarcasm, but I would like to hear good advice. thanks
     
    Golga, Aug 20, 2015
    Golga, Aug 20, 2015
    #3
  5. Aug 20, 2015 #4
    lots of character

    lots of character Road Train Member

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    Aug 12, 2015
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    Bank loan, mafia loan what?
     
    lots of character, Aug 20, 2015
    lots of character, Aug 20, 2015
    #4
    Straight Stacks Thanks this.
  7. Aug 20, 2015 #5
    Derailed

    Derailed Road Train Member

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    2,657
    Dec 10, 2008
    Upstate NY
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    Guess just do the normal procedure, advertise with truck paper and when a buyer comes along let them know you will have to pay the truck off and obtain a lean release.
     
    Derailed, Aug 20, 2015
    Derailed, Aug 20, 2015
    #5
  8. Aug 20, 2015 #6
    lots of character

    lots of character Road Train Member

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    Aug 12, 2015
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    This scares people off though...

    How much have you paid on it, what's still owed?
     
    lots of character, Aug 20, 2015
    lots of character, Aug 20, 2015
    #6
  9. Aug 20, 2015 #7
    Golga

    Golga Light Load Member

    67
    3
    Jul 22, 2014
    Brooklyn, NY
    0
    The truck was purchased at the end of June 2015. The down payment was $25,000, the total cost of the truck $49 000. The bank appointed a monthly payment for 42 months in $1075.
     
    Golga, Aug 20, 2015
    Golga, Aug 20, 2015
    #7
  10. Aug 20, 2015 #8
    Ruthless

    Ruthless Road Train Member

    9,104
    90,287
    Aug 28, 2010
    The City.
    0
    Ruthless, Aug 20, 2015
    Ruthless, Aug 20, 2015
    #8
    GoneRXT, lfod14, Ougigoug and 3 others Thank this.
  11. Aug 20, 2015 #9
    lots of character

    lots of character Road Train Member

    1,031
    1,814
    Aug 12, 2015
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    You're essentially paying 70,000 at the rates you just gave. Fire insurance???


    What's it current market value? Might be best to do a voluntary return, let them auction it and pay the difference.

    Shouldn't of bought the #### thing if you couldn't live with the profits
     
    lots of character, Aug 20, 2015
    lots of character, Aug 20, 2015
    #9
  12. Aug 20, 2015 #10
    Golga

    Golga Light Load Member

    67
    3
    Jul 22, 2014
    Brooklyn, NY
    0
    Truck in good condition,crime was not. I just have not be able to ride on it, and it will stand. On a good truck need to work.
     
    Golga, Aug 20, 2015
    Golga, Aug 20, 2015
    #10
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