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current truck value, what to do

Posted on 11/16/15 at 2:00 pm
Posted by bayou choupique
the banks of bayou choupique
Member since Oct 2014
1818 posts
Posted on 11/16/15 at 2:00 pm
I currently own a 2012 f 150 with approximately 63,000 and owe $6,200. I use it for work and lately i have putting a good bit of miles on it. My company gives me $200 a week plus fuel and maintenance. What should I do with the truck? Should i keep it and pocket the money for a few years after it is paid for, trade it in before it hits too many miles for a new one, or sell the truck out right (pocket the money) and get into a company vehicle?
This post was edited on 11/16/15 at 2:01 pm
Posted by carguymatt
Member since Jun 2015
539 posts
Posted on 11/16/15 at 2:05 pm to
Don't trade it, they won't give you as much as you could sell it for. You want to have a back up for when you get fired
Posted by bayou choupique
the banks of bayou choupique
Member since Oct 2014
1818 posts
Posted on 11/16/15 at 2:13 pm to
quote:

You want to have a back up for when you get fired


never been fired from a job in my life. I guess you are on cloud nine since your team pulled off a win saturday night.
Posted by Delacroix
Member since Oct 2008
3987 posts
Posted on 11/16/15 at 2:46 pm to
I'd keep it as long as possible and pocket the money. I personally like to keep vehicles until they die.
Posted by AUFanInSoCal
Orange County
Member since Nov 2007
1616 posts
Posted on 11/16/15 at 3:02 pm to
Keep it till around 200K miles.
Posted by MNCscripper
St. George
Member since Jan 2004
11709 posts
Posted on 11/16/15 at 4:15 pm to
I get a car allowance similar to you but we have restrictions such as are vehicles have to be 4.5 years old or newer
Posted by TigerSaints318
Shreveport
Member since Dec 2009
1797 posts
Posted on 11/16/15 at 4:31 pm to
Can you use the company vehicle however you want for personal use? If so sell it and pocket the money.

If not keep it. That thing has plenty of life left in it.

Posted by JayDeerTay84
Texas
Member since May 2013
9847 posts
Posted on 11/16/15 at 6:49 pm to
Keep it until it blows up and pocket the cash.
Posted by bayou choupique
the banks of bayou choupique
Member since Oct 2014
1818 posts
Posted on 11/16/15 at 7:57 pm to
Our vehicles are supposed to be newer and under 120k miles but it is not inforced. I'm thinking I should keep it too and pocket the money starting in a few months.
This post was edited on 11/16/15 at 7:59 pm
Posted by JamalSanders
On a boat
Member since Jul 2015
12135 posts
Posted on 11/17/15 at 11:15 am to
I'll give you $6,200 for it.
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