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    ebayed55's Avatar
    ebayed55 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jun 20, 2007, 09:59 AM
    Dad's Truck
    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?
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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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.
    inthebox's Avatar
    inthebox Posts: 787, Reputation: 179
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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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