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Updated over 7 years ago on . Most recent reply
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Sell my paid off 2012 F150 FX4 to acquire cash???
Good Afternoon BP,
I own a 2012 F150 FX4 5.0.
I paid it off last year and currently going back and forth with whether or not I should keep it or sell it for roughly 24-25K, spend a couple grand on a super fuel efficient car, and have roughly 20K to help fund my first investment property? If I don't sell it I'll have about $20K cash next summer and if I do sell it I would probably have around $35-40K cash, while still being debt free.
I have no debt to my name and I will be moving back to Southern CA once I am out of the military next summer. The truck has 82,000 miles and is in pretty good condition.
What are your recommendations?
Most Popular Reply
@Jonathan Jaime Velarde The truck isn't making you any money unless you are a delivery man. First make your millions, then buy the truck of your dreams. Sell the truck pronto! The market is soon to be flooded with cars and trucks coming off leases because of the changes in the auto industry. That will drive down prices.