I saw this and thought for sure the price was a mistake… Turns out, it’s not.
There’s having expectations, and then there’s being delusional.
Wynne said:
There’s having expectations, and then there’s being delusional.
Exactly.
“Oh yes, honey, I put the truck up for sale. No idea why it’s not selling though…”
Dorian said:
“Oh yes, honey, I put the truck up for sale. No idea why it’s not selling though…”
This is exactly what I was thinking!!! Someone did that with a restored bronco near me!! They wanted $26k. It was nice, but not THAT nice… Also, this was 8 years ago.
Off topic, but how do people pay $25-30k for these trucks? Do they just pay cash? I don’t think a bank would finance a nearly 30-year-old truck at that price.
Noe said:
Off topic, but how do people pay $25-30k for these trucks? Do they just pay cash? I don’t think a bank would finance a nearly 30-year-old truck at that price.
Cash, cashier’s check, partial financing, etc.
@Niko
So basically cash then?
@Jensen
Keep insulting the seller, but honestly, you should be looking at the buyer. Someone will probably buy it at that ridiculous price.
Not always. I’m not carrying $30k in cash. A bank check is basically cash, since the bank guarantees the funds are there.
I mean, I was asking about financing options, not how you hand them the money.
@Noe
Well, if I were the bank, I’d require a lot down. I wouldn’t finance a vehicle I couldn’t get my money back from, so if it’s worth only $15k, that’s all I’d finance. Unless the down payment is more than that.
@Niko
I’ve actually asked my bank about financing older vehicles like a semi or dump truck, and they flat-out said no. But they’d happily finance a brand new pickup for 80k, even though the semi was worth 4x more than that and costs a fraction of the price. They wouldn’t even consider the fact that I could start making money with the heavy truck immediately.
@Noe
A brand new $80k truck is easy to resell, that’s why they’ll finance it.
Niko said:
@Noe
A brand new $80k truck is easy to resell, that’s why they’ll finance it.
Yeah, classic Peterbilt trucks hold their value like nothing else. They sell like crazy!
Niko said:
@Noe
A brand new $80k truck is easy to resell, that’s why they’ll finance it.
Yeah, classic Peterbilt trucks hold their value like nothing else. They sell like crazy!
True, but banks know truck drivers aren’t as easily fooled as your average buyer.
@Niko
Seems like this comment was lost or deleted, but they probably meant to say banks don’t trust the resale value of older trucks, especially from private sales.
Not always. I’m not carrying $30k in cash. A bank check is basically cash, since the bank guarantees the funds are there.
So yeah, that’s basically straight cash for this situation.
Noe said:
Off topic, but how do people pay $25-30k for these trucks? Do they just pay cash? I don’t think a bank would finance a nearly 30-year-old truck at that price.
Cash or trade. If the seller doesn’t want trade, then you have to come up with cash. Hard to get financing on used vehicles from a private seller.
@Grey
Yeah, I was hoping for an easy button to make it work.
Noe said:
Off topic, but how do people pay $25-30k for these trucks? Do they just pay cash? I don’t think a bank would finance a nearly 30-year-old truck at that price.
The bank might not finance the truck, but you could take out a personal loan, or use a second mortgage on your house. You could write off the interest on that.