Selling carrier 2015 stull owe money on it.

Discussion in 'Trucker Forum Classifieds & Trading Post' started by Maksym2009, Sep 29, 2023.

  1. Maksym2009

    Maksym2009 Bobtail Member

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    Have a 2015 53 ft reefer with x4 7500 carrier unit want to sell it but still have a payments on it.If you had personal experience with situation like that can you please help me out .Guide through process.Where did you post it for sale? I take money and tell people to wait for title?what paperwork they need to be given?Thank you!
     
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  3. Long FLD

    Long FLD Road Train Member

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    You’ll need a bill of sale for the purchaser. Once the loan is paid off they will release the title to you, then you’ll overnight it to the purchaser after you get it in the mail.
     
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  4. Maksym2009

    Maksym2009 Bobtail Member

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  5. Long FLD

    Long FLD Road Train Member

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    It can be generic. Really all you need is your info, the buyer’s info, trailer info, VIN, and price. I’ve sold trucks and trailers with a hand written bill of sale before.
     
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  6. ed4207

    ed4207 Bobtail Member

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    I have always told my lender my plan. Then sell the equipment any way you want to. If you work with a local bank you can do the deal in the bankers office.
    Buyer gives you a check you hand it to banker. Then banker gives buyer a lien release for title. Banker deposits remaining equity in you account.
    If you are upside down on the loan it can be done but your banker has to be onboard.
     
  7. Maksym2009

    Maksym2009 Bobtail Member

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    Thank you!
     
  8. Accidental Trucker

    Accidental Trucker Road Train Member

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    If I were the buyer, I’d make the check out to both the seller and the lien holder, so the seller can’t take the money for a weekend in Vegas.

    If you’re upside down on the transaction, you’ll have to bring the extra money to the bank to be able to release the title.
     
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