Carmax? Why pay retail? Buy from the guy who's selling it to Carmax. Use what
you are learning in Real Estate - apply it cars. Flip this Truck! Do you really
NEED a new truck anyway?Clarence.
Indeed. I'm thinking it over, Clarence (Page?) I've discovered a small niche that might help to bring in a little extra cash, and my current equipment, my truck, is just barely adequate. I've only moved a few people so far, but my relatively small truck bed has made things more difficult than they have to be. So, I'm considering a new truck.
I've already worked out a deal with Carmax which would actually lower my payments. Not only that, I'd be getting more space, more power, fewer miles than on my current truck, and I've got to say, it looks snazzy, too. I just have to figure out if I want to go ahead and commit myself to this "business."
Here's what's holding me back right now: 1. Is this really the only available option for me? 2. Is this new truck really a deal?
Second question first: I think it is. I've been doing some shopping around, and as far as retail goes, it seems like a good buy. However, you've got a good point, Clarence: why buy retail? Surely there's someone out there with a comparable, if not much better deal.
First question: Well, if anyone's got any ideas, I'm all ears. I put an ad on Craigslist last night offering my services as a freelance editor, but we'll see. I don't think I can make as much with that, and after writing all day long at my J.O.B., using my body instead of my mind sounds pretty good.
I'm still considering it, and we'll see. I've got a couple of moves this weekend, and like previous weekends, I'm going to run into the "small bed" problem...
6 comments:
How about getting a hitch on your current truck? That way, on the occasional job where you need the bigger cargo space - you just rent the right size trailer and add the cost to your price?
Hate to see you take on more debt given your goals. No one builds wealth by borrowing money secured by a depreciating asset. Debt is your albatross.
Clarence
(not Page, see comment 3 under "The Big Question")
I second Clarence's advice.
http://washingtondc.craigslist.org/nva/mcy/456082117.html
700 bucks will probably double your current cargo space.
A new truck is more than just the new monthly payment. Insurance will go up. Have you checked into only having liability insurance and dropping comprehensive? Might save you a few more bucks.
http://washingtondc.
craigslist.org/nva/
mcy/456082117.html
Dang it, Ed, that's a good idea. Unfortunately it introduces some kinks into my plan, such as it is. Coupla issues:
1. Buying a trailer would require cash out of pocket--at most, $700 for that particular trailer. That's $700 I'm not sure I can afford to part with right now.
2. I need to figure out if the condo association Nazis allow trailers to be parked there. I'll find that out in a few hours.
3. If we can leas option our place, then I have to find an apartment complex that allows for parked trailers. I'd hate to have to pay another $100 or so for another parking space.
Sometimes, I truly hate this area...
Alright Chris...I'm glad you're moving towards checking into this. However here are a few possible excuse busters....
1.Ask the seller if you can begin using the trailer and if they will 'seller finance' it. Tell them you'll pay them 100 or so per month for a total of 8 or 900, so it's beneficial to them.
OR
Check into a small vehicle loan from your bank for the trailer, maybe they'll finance it for you. OR
How about a private loan of 700 bucks from this awesome website http://www.prosper.com/
Check it out...Steve Cook even has his own subsection.
2.Parking is a problem in Northern VA?? Here's the skinny. You can park a properly registered/titled trailer on any street in Good 'ol VA. Ensuring it's not a commercial veh/trailer (you wouldn't be registering it as so) You can't get tickets so long as you check on it every few days. Cops can tag it as abandoned, when (I do say when) the people living on that street call to have the cops check out this "suspicious" trailer. Just make sure you move it regularly and if there is a tag on it call the officer who issued it and explain your situation. There are plenty of streets near you that are within 15 min that people park their boats or 4th vehicles. Just don't park it and forget about it or it will likely be towed eventually.
Good Luck.
Ed, you're going to bump Jimi from my "life coach" role...
This morning I started getting that "no" feeling about the "new" truck. It'd help with the moving business, but I'm afraid that 8cyl, 6 litre engine would just guzzle up all my profits. Especially if I took jobs farther than, oh, my neighborhood.
I checked out the trailer again--looks like they dropped it $100 already. I found another trailer for $450 that's slightly smaller, but still nice. And the management company of my condo complex said to submit an authorization request to park it there. He sounded optimistic.
So, we'll see. I'd much rather load people's crap into a low trailer than a five-foot-high gas-guzzler.
(Although that gas guzzler sher wuz perty...)
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