Posted 2007-09-13 3:45 PM (#67827) Subject: What are my options?
Location: East Texas...Finally!
I am ready to trade trailers, only problem is, every trailer I call about is on consignment at a dealership and they can not or will not trade. Is my only option to sell my trailer straight out and then buy a new trailer? I can't afford two trailer notes at once, so purchasing the trailer I want then selling min is out of the question. Are there any other options? I would think the dealership would be able to buy the trailer on consignment and then work a trade if they wanted to and knew I was serious.
Posted 2007-09-13 3:51 PM (#67828 - in reply to #67827) Subject: RE: What are my options?
Location: KY
You will probably do better selling your trailer outright; a dealer has to factor in that she/he may be holding the trade in trailer for some time before it sells. Also you might want to see if you are upside down on your trailer; that is, it isn't worth quite as much as the balance on your loan. Anyway, good luck on your trailer shopping.
Posted 2007-09-13 4:15 PM (#67831 - in reply to #67827) Subject: RE: What are my options?
Location: East Texas...Finally!
I'm not upside down at all on my trailer. It is an 03 keifer with a small LQ package and is almost paid off. I'm going to take some good pics this weekend and offer it for sale. I really like this trailer, so i'm just hoping that one of the trailers I have found is still available when mine sells. There are some options I will be very picky about.
Posted 2007-09-13 9:39 PM (#67846 - in reply to #67827) Subject: RE: What are my options?
Member
Posts: 44
Location: Odessa, MO
If it were me I would just try to sell the trailer out right.. You should get more for it.. I just picked up a different trailer about 2 months ago.. Sold my other one first.. But before I sold it the best offer on trade was 11k.. I sold it outright for 12k.. Probably could have gotten more but I wanted it gone pretty bad.. Probably would have taken the 11 for it if that dealer would have had something i liked.. Anyhow though you'll get more money selling it outright.. Look on here to see what they are going for.. Price it a little high cause you can always come down.
Posted 2007-09-13 10:23 PM (#67848 - in reply to #67827) Subject: RE: What are my options?
Expert
Posts: 2453
Location: Northern Utah
I went through this last spring. Decided to buy a new trailer, But refused to trade in or buy a new one until my past trailer was sold.
I put the trailer on this site and on the local TV stations website. The local TV station offers a website that has all their news, programing etc. But it also has a free classified. It cost nothing to list an item and I got more calls from local interested parties than I did off the otehr national website. It took 5 weeks to sell, but I finally got it sold at the price I was asking for it. Could have sold it a few weeks earlier if I had been willing to take a low ball offer.
I had picked out several trailers I was interested in buying, and being it was spring, I watched as most of them got sold while I waited for my trailer to sell. It's frustrating, but patience paid off, trailer sold and I found what I was looking for.
Look to see if your local TV, Radio or Newspaper offer a free classified website.
Posted 2007-09-14 11:24 AM (#67862 - in reply to #67827) Subject: RE: What are my options?
Location: East Texas...Finally!
Thanks, good idea on the local TV station. I will look into that. It is getting acid washed today, is in great shape and i'm not planning on asking too much for it, so hopefully it will sell pretty quickly.
Posted 2007-09-14 11:52 AM (#67865 - in reply to #67827) Subject: RE: What are my options?
Veteran
Posts: 247
Location: La Crosse, WI - God's Country
Also be sure to check any local internet providers bulletin boards. We have one in SW Wisconsin that sells things very quickly (www.mwt.net)
Good luck - you'll probably be surprised at how fast it sells. Trailer prices have gone up over the last few years and I have little doubt that we could sell our 4H LQ Genesis for about what we paid for it - they've gone up over 5K new...
Posted 2007-09-15 12:48 AM (#67909 - in reply to #67827) Subject: RE: What are my options?
Regular
Posts: 77
Location: Burleson, TX
Might check with your banker about a 90 or 180 day loan to buy the next trailer. Then as soon as you sell your current trailer, pay off the loan or pay it down and put the balance on an installment loan.
Do you have a credit card that is offering a really low rate or even zero percent for a while. Use that. I just bought a new tractor with my MC for zero percent until 08/08. But then I sold my old tractor and put all of that on the MC. Went to the bank then and took out an installment loan to pay off remaining MC. Why not keep it no interest until 08/08. two reasons: 1) some say that large credit card balances reduce your credit score but bank loans don't (as much) and 2) if you are late with a credit card payment the interest rate will skyrocket.