Since my wife’s new company provides her a company car, we had planned to sell her car. Unfortunately, because we bought her car new and it is only 2 years old, we would be upsidedown ~$3,500 if we tried to sell it. So, we decided to put my truck up for sale instead.
It makes sense for us to keep her car – it gets much better gas mileage than the truck, has 25K fewer miles, and is 5 years newer. We also just put new brakes on it. The car payments are $157/month more than the truck and insurance is $29/month more, but we should make most of this up in the gas savings alone.
The first day I put the truck up for sale, I had a gentleman come by and make an offer. I accepted, had the truck smogged, paid down the loan to the amount we agreed upon and contacted him to complete the DMV paperwork. When I got a hold of him, he told me his wallet was stole and needed more time. Since we know some of the same people, I gave him the benefit of the doubt, but he flaked and has not called me back since. Lesson learned: Get a deposit before jumping thru hoops.
It’s a tough time to sell a truck. Thankfully, it’s a V6, which isn’t great with the current gas prices, but at least it’s not a V8.