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Dad's Truck

Asked Jun 20, 2007, 09:59 AM — 2 Answers
My dad is 78 and unable to drive the truck he bought in 2006. When I went to the dealership to ask about them buying the truck back, their offer was about $3000 below what he still owes. Other than putting it on the market and trying to sell it myself, what other options do I have?

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ebaines's Avatar
ebaines Posts: 10,033, Reputation: 5529
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#2

Jun 20, 2007, 10:11 AM
Check the Kelley Blue Book at New Car Prices | Used Car Values - Official Kelley Blue Book Site to see what the truck's value is. You probably would get significantly more selling it yourself than what a dealer would offer. You could also get an offer from CarMax - since they are in the business of buying and selling used cars, they may give you a better offer than a new car dealer.
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inthebox's Avatar
inthebox Posts: 788, Reputation: 954
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#3

Jun 20, 2007, 10:18 AM
Most new vehicles depreciate as soon as they leave the lot, and most depreciation occurs within first 3 years.

Edmunds.com is another good site

If the truck is on payments, maybe hold onto it till you are no longer 'upside down' on it?



Good luck



Grace and Peace
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