Is there a way to sell a trailer that is financed?

Discussion in 'Ask An Owner Operator' started by Dadetrucking305, May 12, 2022.

  1. bonder45

    bonder45 Road Train Member

    Joined:
    Oct 2, 2011
    Messages:
    1,803
    Thanks Received:
    5,450
    Location:
    Williston, ND
    0
    What are you looking to get for it?
     
  2. Last Call

    Last Call Road Train Member

    Joined:
    Mar 15, 2021
    Messages:
    7,568
    Thanks Received:
    45,902
    0
    Your right .. Iam bad..
     
    xsetra Thanks this.
  3. Siinman

    Siinman Road Train Member

    Joined:
    Mar 5, 2017
    Messages:
    5,329
    Thanks Received:
    13,515
    Location:
    Kansas City, MO.
    0
    Anytime I sell something that has not been paid off from bank I have the buyer pay the final payment amount to the bank and give me the rest. This way no one can get itchy about the sale and waiting on the Title to be released. In MO we get the title and it just has a lean against it so you can give them the signed title right away after the sell with a bill of sale.
    Hopefully you did not get any loan that requires a penalty to be paid for paying it off early. Those loans suck and will never go that way.
     
    Dadetrucking305 Thanks this.
  4. Maksym2009

    Maksym2009 Bobtail Member

    Joined:
    Sep 29, 2023
    Messages:
    6
    Thanks Received:
    0
    0
     
  5. Maksym2009

    Maksym2009 Bobtail Member

    Joined:
    Sep 29, 2023
    Messages:
    6
    Thanks Received:
    0
    0
    Hi did you happen to sell .What is the update.Thank you!
     
  6. Dadetrucking305

    Dadetrucking305 Heavy Load Member

    Joined:
    Sep 15, 2011
    Messages:
    984
    Thanks Received:
    2,583
    Location:
    Cibolo,Texas
    0
    I sold it back to the dealer.Gave me $500 less than what I paid for it.
     
    Maksym2009 Thanks this.
  7. Maksym2009

    Maksym2009 Bobtail Member

    Joined:
    Sep 29, 2023
    Messages:
    6
    Thanks Received:
    0
    0
    Thank you!Did you have ro dobit through voluntarily give up the asset or you srill was in possession just sked them to sell it for you?
     
  8. Dadetrucking305

    Dadetrucking305 Heavy Load Member

    Joined:
    Sep 15, 2011
    Messages:
    984
    Thanks Received:
    2,583
    Location:
    Cibolo,Texas
    0
    Had me invoice them for the amount.Dropped off the trailer at the dealer and I believe I received the money a week later.They paid the bank.
     
    Maksym2009 Thanks this.