Selling an underwater financed truck

I'm afraid you'll find market value is in the 20k$ range. Might as well turn it in

 

Someone gives you 80.
But do you have the remaining 35 to pay off the loan?

But as stated above. It's probably only worth 40. Or less.

The internet is loaded with 17's for less money. For 80. They can buy something newer.

I see Harleys all the time for 40. Why would I buy your used harley for 40 when I can buy that model brand new for 25.

 

I would turn it in and take a loss all around. It’s gonna ding your Credit Score pretty good. Not to mentioned depending on the institution, they might sue you for the difference if they resale it. We need ask, how did you get far behind ? So others don’t make that same mistake.

 

He bought it when the truck prices were so overinflated.

 

Still owe $115,000 on a 2017 Columbia glider is wild

 

just nuts

 

It’s nearly impossible to give you solid advice without knowing what your actual financial situation is like.

Advice for someone with trashed credit, no cash and on the verge of homelessness is going to be a lot different than someone who’s solid and just looking to get out.

I really couldn’t tell you if bankruptcy is the correct route or if leasing it out to someone is.

 

If you have the cash to make up whatever the difference is then it’s no big deal. If you don’t have the cash and want to take someone’s money for the truck and let them leave with it and give them a run around about why they haven’t gotten the title yet then that’s just fraud.

If you dump it back on the finance company they may advertise it and try and get more money for it or they might just take it to an auction. Either way, you’re liable for the difference once it’s sold. Or if they’re nice enough to forgive the debt then next year you’ll be showing that as income on your taxes.