Well, being that diesel is at $4.70+ a gallon and the economy is hurting. I am trying to sell my truck but NO buyers so-far. I think the main issue is that most people are looking to FINANCE the truck, so sales by private owners like myself are harder.

I have been getting calls from these places that FIND buyers and FINANCE them, supposedly the seller (me) does not lose anything as the company makes its money by financing the potential buyer. The claim they do not take any commissions from me & there money is made by financing the buyer. The find the buyer and finance them.

Has anyone used such a service, if so, which one do you recommend?

 

Private sales without financing has been tough for years. Dealer sales without offering financing is even worse. Your service sounds good, but be careful. NH law requires you to have a retail sales license if you offer finance brokering on vehicle sales. The only way to do this and be legal is to sell the truck to the company that is going to finance it, and then they resell it when they finance it.
The other option is to get a retail sales license, and that would be way to much cost. The third option would be to hope you don't get caught, oh yea I almost forgot, can you guess how I know this. The fines are steep too.
Check your local and state laws before you do this, make sure you call the State banking department because most lawyers will not have a clue about this.While you are on the phone with the banking department make sure the company you are going to deal with is licensed for your state. I would find a reputable dealer, pay them their commission, and not have the headache. But good luck with whatever way you go.

 

It's not me offering the financing. Sorry for the misunderstanding.

What I meant to say is that companies are calling me and they are offering to finance the potential buyer.

 

The fact that you can't offer financing, and that you don't have a lot full of vehicles for the buyer to choose from, and aren't likely to take most trades, are some of the reasons that private sellers can't usually get the same price that dealers get...

Anyway, a qualified buyer should be able to arrange financing for a private party sale fairly easily.

Some State Farm insurance places also offer State Farm Bank financing, which I've used before- with good credit the buyer would have check in hand that day.

Another source is Capitol One.

http://www.capitalone.com/autoloans/index.php

A buyer can be request a specific amount to finance, and if approved will be sent a check that can be written up to that amount. The rate is different for new, used from a dealer, and used from private party. Having a check in hand would make shopping easier.

A buyer who is a member of a local credit union could also likely finance there in short order, at a decent rate.

Values for big trucks and SUV's have dropped pretty sharply, partly due to fuel prices, and partly due to the incentives and discounts that a person can get on a new one.

I've had good luck with trucktrader, and just a for sale sign, when selling vehicles in the past. Craigs List would be worth doing, too.

Watch for scams, though- verifying a certified check would be wise, looking up the bank's number yourself.

Also, if you have a relationship with your Dodge dealer, you might see what kind of consignment deal they might offer. If you have the truck financed, that might be a good way to go.

Anyhow, good luck.

 

How about this service??

http://www.caroffer.com/Default.aspx...A37BBE2715BA43

 

I figured it is a good time to buy, so I have been knocking on the doors of owners of a vehicle I could live with. Because it is a soft market, many owners are not attuned to the what it might take to sell their truck. I found the 2500 that I really liked, but the price was based upon "I owe xxx on this truck" What's owed and what it is worth often don't match. Additionally, many of the accersories and "jewelery" added to stock vehicles don't necessarily add value, unles the buyer is someone with your exact tastes. So the fact that there is $5,000 worth of cosmetic accessories may mean very little in the marketplace. In a soft marketplace, Sellers need to be informed and aggressive if they want sales.

This is just my two cents worth. I have been on the other side of the fence, so I understand Sellers may feel. Me, I am going to keep looking for a low mileage 2500 quad or mega cab.

 

I tried to trade in my 06 Mega Cab Laramie 2500 CTD. The dealer offered me 20k. My Mega should be worth about 28 - 30k trade in.
When I was done laughing my butt off at him......then it hit me - Man am I screwed. I will never get even close to what I owe on it, and I will never get what it should be worth. I would be willing to make up the difference of maybe 4k of negative equity.........but 12k???
If you can afford to drive one, now is the best time in the history of motor vehicles, to by a diesel truck or large SUV.

 

I am financing a private party deal on the truck I found today. Here in AZ is is easy. I went to the bank and asked for the loan to a private party. They will wire the money to his bank to clear the lein, then deposit the rest in his checking account. There is no sales tax on private party sales in AZ.

$25K for an 06 2500 4x4 quad cab with 42K miles and some nice non engine mods. I'm taking advantage and getting into the CTD truck I really want.

 

I am only telling you how New Hampshire law works. If they call you to broker financing on your vehicle you need a retail sales license. One car or one thousand cars it does not matter. As long as you are the seller and they are contacting you it makes you the broker. The odds of you getting caught is the same as winning the megabucks, but some do get caught. If someone wants to buy your truck and they find the financing on their own then all is well, but as soon as you communicate with the finance company you become a broker. You also fall into some federal laws when you trigger this brokering. The truth in lending law is the first one that comes to mind. Put your truck up for sale, advertise as you wish, newspaper, autotrader.com, ebay, forsale sign in yard, consign it at a car lot, ect. That is all fine but leave the financing alone it has great potential to bite you in the ***. Laws vary by Sate and these laws are for New Hampshire your state my be different. Call your banking department and they will be more than happy to tell you what you need to know. In New Hampshire it takes just one phone call to the banking dept. or AG's office and they will investigate. If this person buys your truck and decides they don't like the color in the daylight and they call either one, in New Hampshire they have to investigate by law. I know, my fine was $337,000.00 and some change. Yes I did sell way more than one car, but the law reads one or more.

 

be patient if your looking for a steal on a Big Hummer, SUV, or Diesel truck

not long ago oil was at $ 60.00 a barrel # 2 was 1.99 -2.35 gallon

folks will be almost giving them away due to continued rising costs of fuel

look at the increase in just the last few short years


just wait someday oil will hit $ 260.00 + a barrel

if 10 years ago you told someone oil would be selling for + 120.00 a barrel by 2008 they would have told you your crazy !

guess what we are there now !


it's going to increase more over the next 60 months guaranteed = #2 diesel cost could be 10.50 -11.00 + gallon ......get ready fellas eventually it's going to happen

any vehicle that get's less then 25 mpg you will not hardly even be able to give away !

some people will be walking away with the keys in ignition while the vehicle is running with windows down & a sign : free to good owner or TOP

not trying to rain on the parade just facts , we are headed for serious increase of inflation in the future & the cost of oil will play a huge roll !

 

While your pessimism is understandable. I believe your predictions are far from reality. If oil hits "$260 a barrel", we will be paying $8.00 for a gallon of milk, and everything else in stores (produce, clothes, supplies) will be double or triple what we pay now. The costs will get passed down to the consumer. A truck driver will not drive his load for free.

I do not subscribe to this "doom and gloom" scenario. FEAR is something that does nothing but cause stress and bad decisions. A rabbit lives in a constant state of fear and terror. A lion does not.

IF this DOOM & GLOOM scenario happens, there is NOTHING we can do to stop it, worrying about it does nothing but cause medical and mental problems. Being stressed/worried is equivalent to smoking a pack of cigarettes a day.

I believe things will be better and my mindset is that of a lion. I am aware and prepared but refuse to live in a future set in doom and gloom. Just my 2 cents.

 

very well put.

 

World market won't support that. At 250 a barrel they'd be drilling Yellowstone ... It cost like $4 a barrel I've heard to get it out of the ground in Saudi Arabia.


Anyway.... I've just adjusted my driving habits to where I'm spending about what it cost a month in fuel = to about a year ago when I bought the truck.

It isn't that hard cutting back on random trips and jumping on the motorcycle more often.

 

Thank you. If you read and believed everything on these forums, then in 2009:

Gas would be $10.00 a gallon
Home prices would be $30 sq.ft. for an average home
Complete anarchy would be in the streets
The US Government would collapse
Mad Max (Mel Gibson) type of civilization would exist where we fight and kill for fuel
etc, etc

You see, the times are good for the doom and gloomers to spread their far-fetched, post-apocalyptic future.

 

not sure what type of business your in , but you seem like a sharp guy !

my business is financial services , right now Americas hottest investor with a 24 % annual return over the last decade , this mad genius is arguably the best fund manager of our time . he has made those exact predictions & statements publicly , now his resume is UNREAL he has been managing money since 1965 went to amhearst college , then onto Harvard business school getting his MBA he is one of a handful of celebrities from HBS class of 1965 -former IBM CEO Louis Gerstner, consultant Ram Charan , and new england patriots owner Bob Kraft , John Herrell former chief administrator of the Mayo Clinic just to name a few.

this guy manages over 13 billion dollars of private money
his flagship fund hit 80% annual return for 2007 the same fund has hit over a 45 % annual return 4 times in the last 10 years and this year 2008 it's up 18 % !

in 2007 CUMMINS was one of his top ten holdings !

the fund he manages has the best one, three , five, and ten -year returns of all diversified funds in the US stock market

stick that in your pipe and smoke it !

now Im not sure how well the annual returns on your money management accts compare , but if your no where close, don't feel too bad no one else is either !

He thinks inflation will hit double digits within the next five years , he also says that steel prices could double, and oil could blow past $200.00 a barrel soon in the near future !

based on his background and proven track record it does appear like he knows just a little bit about what he's talking about !


I enjoy this site very much & like you I have a passion for diesel trucks
however I have no desire to sell my diesel truck even if the cost of diesel rises over $ 10.00 per gallon in the future

it's really a shame how expensive things are starting to get these days

in other parts of the world #2 is already close to double what we are paying here in the states !


I also remain optimistic about the opportunities this country & the rest of the world has to offer right now & in the future


cheers...........