How bout this.....

Why dont you turn the truck back in but keep the fuel card..... win win.. You have your cake and can eat it too!!

 

No brainer sell it. If they take the co. truck you can get another. If you loose your job you've got a big cushion of cash until you find another. It's not just tags and insurance to keep the truck up its tires getting older, paint getting older, batteries getting older. Even if you don't drive it all that stuff ages.

When you've got your trailer behind you and a CTD blows past you on a hill just remember when you get to the bottom and fill up next to the guy with the CTD you're gas is free.

 

I thought about this a bit more. At this point and time, you do not need the truck. Period. You have one supplied. Are you married? You have your wifes car for personnal stuff. Sell the truck, do not hold the cash in your hands for more than one..maybe two seconds, put said cash in a 1 year CD (because rates suck at the moment). dont want to lock it up too long incase you have a chance to move the cash into a better paying CD or money market. When rates sky rocket in the next year or two, get a higher paying CD (or money market account). The money will acutally accrue value (as apposed to the truck sitting in your driveway losing value, as nice as it is). Then if you want/need a truck in 5 years, you'll be able to pay cash for one. Especially a low mileage '08 (just sayin since you seem to like this one so much). Buy used anyway, all the depreciation will be gone and you'll get more bang for the buck. If you can grab 1.5% on a 12 month CD that'll get you about $300/yr. in interest (I dont know the value of your truck, I just used $20K for nice round numbers. please no heckling). As interest rates rise, and they most definitely will, so will the value of your cash. Just a thought. If you lose your job and the company truck, you have the cash on hand to buy a beater to job hunt, or the wifes car, and ease the financial pain of losing said job.

 

My thinking too, sell it.

 

If I were in this situation, I'd keep the truck. I bought my CTD because I like driving it and plan to keep it until the wheels fall off. Many insurance companies will give a deep discount for low yearly mileage,

Why would you want to drive a work truck with the company logo and a bunch of equipment inside for personal use?

On the other hand, if your CTD is just a tool for your use and you keep vehicles for shorter time than I do, then maybe selling it is the way to go. It should be a simple calculation to figure the expenses and possibly depreciation, plus the money earned from interest on the sale price against the higher cost of a new truck. Don't forget the new truck will also likely have better features, but more emissions c*ap also.

 

Well everyone makes great points... Here's my opinion, if the trucks kept out of the weather then keep it and drive it ocassionally. If you have to leave it outside then I might have to consider selling it because of the toll the enivorment has on stuff.

Sure you can sell it and get a used one down the road, but will you be able to find the truck that is the color with the options you want on it or are you going to have to compromise, and then you don't know what kind of a life the truck has had. Your trucks value is going to go down, but anyone that looks at a new vehicle as an investment isn't a very good invester, a vehicle is an "expense", not an "investment". Since your truck is paid off then your only cost of ownership and normal wear, insurance, plates. 5 years down the road when you want to look into a 5th wheel, you won't have to go truck shopping first, you will have a very nice low mileage (and highly desireable non emission) truck to tow your new toy with.

Or you could look at this and say you would buy a new truck... Well how much do you think the price of a new truck will increase vs the price decrease in your current truck. It might be hard to understand what I am trying to say so here is an example my 04 listed for $41k when I bought it, I just built the same truck 2010 and the list was $49K so the price increased $8k and I wound up with a truck that doesn't get nearly as good MPG and also the interest % of a bank loan to pay back.... So maybe your truck will lose $2k a year in value, but the list price of a new one will also increase $1k every year...

My vehicles are not an investment, they are a cost. I take good care of them to make sure the cost is as low as possible, when I decide to sell them, I look at that money as nothing more then a bonus payment of how I took care of them and I apply that to the cost of another vehicle if I choose to.