How best to sell the truck?

Holy Crap, You have to pay back 45100 plus the 25000 you put down??? on a 49000 trk I thought my credit was goofy right now

 

Redacted*

 

Yes it will...

 

Advertise it as a lease - purchase at $550 a week, you'll make out like a bandit
Seriously, selling with that big loan on it won't be easy, if you have the ability to clear the loan it would be a lot easier.

 

Maybe lease it onto a carrier and hire a driver to run it.

 

What is the make, model, eng. trans. color, its a 20o5 glider? or not?

 

I kinda ran into this when I was truck shopping. Basically they pay the bank for title release but you just pissed away $25k unless you made it back already. Not to get into your business but you bought a truck and was still job hunting??? I'm guessing you could put it in truck paper and sell it at what's owed or maybe a little more to get some of your money back. Another option is to put a driver in it but we all know how that goes. Or you could do like the Megas and offer it as a Lease purchase...... You'll be surprised at how many guys on Facebook asking folks who are selling their trucks to do a lease purchase. Best of luck to ya

 

The first thing you need to do is contact the bank/Finance company & find out what the Loan Payout figure is?
& if there's a discount for early payout, (ie; do you only pay the interest since June when you bought the Truck, or do you have to pay the whole 42 months worth of interest)..

If the payout figure is less than the Market value, you have a chance of getting out.
If the payout's more than the current market value?... you're screwed... just My 2 cents worth..