Part of my evening ritual is looking through the numerous For Sale threads and papers, always looking for a good deal on a truck. So many times I see something like, "inframe done at 800K, no paperwork" , or supposedly new parts with no receipts.... Makes me wonder the heck is going on with these. My gut says that an O/O will save every receipt possible as it may have tax implications and a lack of paperwork indicates a BS story. I am sure there are exceptions, but why in the world would you not keep proof of a 20K business expense like a rebuild???
Why no paperwork on rebuilds/maintenance?
Discussion in 'Ask An Owner Operator' started by NightHawk365, Jun 12, 2019.
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rabbiporkchop, Dino soar, nikmirbre and 2 others Thank this.
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Exactly
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Because either
A: not OEM parts
B: rebuild down by me but I trade truck in and dealer knows about rebuild but why would I hand over recieptsrabbiporkchop Thanks this. -
I bought mine ( almost) that way, After doing a pressure test, right before I signed papers, the Shop faxed a copy of rebuild. I was going trough with purchase either way. Later I found an envelope full of receipts in the Truck.Everything ever don’t to the Truck since new. I made copies and returned it to Original Owner for his taxes. The Guy was a Little unorganized due to health issues. Sometimes a judgement call is the best you can do. No paperwork? Should be reflected in price.
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Tombstone69, Old Man, Rideandrepair and 2 others Thank this.
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I have paperwork and credit card receipts. Plus they sit in a box, in case i get audited.
Rideandrepair and stillwurkin Thank this. -
I do my own work, and keep my reciepts, but am lousy with paperwork. lol but I rarely sell a truck either, make that pretty much never. lol
Just thinking, I have a 97 I bought in 99, a 99 I bought in 2000, a 96 I bought in 06, so yea, I never sell one. lolRideandrepair Thanks this. -
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Op
You don't know what the situation was could have been a divorce were you got removed from your home and like Jerry Reed sings "She Got the Goldmine I got the Shaft"rabbiporkchop Thanks this. -
Even if there is paper work you need to be sure it goes with that truck.
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