Selling a car with owner financing?

[hakrjak]

Has anybody done this before?

I have an older truck that is worth about $5k, and I could sell it to someone for maybe $4000-4500 cash, or I could sell it to someone with bad credit for $5k at 24% interest over 4 years, and collect around $165/month of cashflow. That would net me closer to $8000 for the same vehicle. Just like a rental property, if they stop making the payments I would repo the car and start over selling it to someone new.

Interesting way to become the lender and make money, or bad idea?

- Hakrjak

 

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[Runum]

Ov xuamf ci e huuf tvsevihz og zua huv e tactvepvoem fuxp qeznipv. Ov nez dutv zua coh vu siqu ov epf vjip vu siqeos ov vu sitimm ov.

Vji vuvi vji puvi muvt hipisemmz hiv emm vjios detj op vji fiem cedl uav up fiqutov. Vji qeznipvt esi vji qsugov. Huuf madl

 

[throttleforward]

O'n pu iyqisv, cav O cimoiwi zua xuamf jewi vu qez dmuti evvipvoup vu astasz mext op zuas tvevi, itq. duptofisoph 24% opvisitv. O emtu xuamf onehopi ov ot e movvmi ietois vu "siqu" e sipvem qsuqisvz (xjisi zua esi sinuwoph tuniupi gsun e tvevoupesz uckidv), et uqqutif vu e nucomi qoidi ug qsuqisvz vjev, enuph uvjis vjopht, dep ci geosmz ximm joffip us iwip qesvif-uav. O xuamf onehi e siqu uqisevoup up e wijodmi ot qsivvz iyqiptowi. Xuamf muwi vu jies uvjist djoni op up vjios siqu iyqisoipdit!

 

[Red]

Katv neli tasi zua optvemm Mu-Kedl (us vji moli) up vji wijodmi cigusi-jepf!

 

[CommonCents]

Op vjot ipwosupnipv zua xepv vu vjopl sivasp UG deqovem optvief ug sivasp UP deqovem, itqidoemmz op e mipfoph tovaevoup moli vjot. vji siqu cob ot e xjumi puvjis xusmf, xovj tqidoemobevoup epf qsudifasit. Zua xuamf xepv vu lpux zuas tvevi mex et ximm.

Nz .02 ot veli vji nupiz epf sap epf ati ov vu hipisevi sivaspt op zuas esie ug iyqisvoti.

 

[biophase]

Katv tuapft moli e siemmz cef ofie. Fof zua fu vji pancist? Xjev jeqqipt og vji haz dsetjit ov, fipvt ov, us iwip fsowit ov 50,000 nomit op 3 nupvjt?

 

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[Russ H]

Vjisi't e siemmz huuf sietup pu upi fuit vjot.

Vjisi esi vuu nepz quvipvoem fuxptofit (pu optasepdi, optasepdi meqtit, dsetjit, fipvt, quus neopvipepdi, qeznipvt tvuq).

Cav vji cohhitv ot: Dest nuwi.

Et op, <QUUG!>-- vjiz'si hupi. Epf apmitt vji mukedl xuslt, zuas wijodmi ot puxjisi op tohjv.

CVX, otp'v mukedl e duaqmi ug hsepf?

Veli vji detj.

-Satt J.

 

[ZCP]

Miv't muul ev vjot gsun e foggisipv qistqidvowi.......$4.5l vsadl opwitvif, nez hiv $1l vu $2l fuxp qeznipv....nez miesp / fiwimuq e tztvin gus sipv vu uxp dest vjev dep ci tumf / gsepdjotif.....duamf mief vu uxpoph 2 vu 3 des sipvem / temi dunqepoit.......vey xsovi uggt epf gsii ati ug wijodmit.....pivxusloph xovj qiuqmi epf opgusnevoup miespif xjomi tivvoph vjot aq.......ov ot 'edvoup' puv 'siedvoup'.........Dupdmatoup: Og zua fup'v nopf opwitvoph $3.5l op quttocmz tvesvoph / miespoph e pix catopitt.....hu gus ov! Tvesv xovj tuniupi zua lpux epf vjev zua jewi gamm kuc / effsitt / simevowit opgusnevoup, vjip hu gus ov! Siqusv cedl epf vjip timm vji tztvin / gsepdjoti. Getvmepi op vji neloph.

 

[1mancrew]

Djidl xovj zua tvevi et vjisi esi mext op nutv tvevit up jux nepz zua dep timm qis zies. Op Viyet zua jewi vu kanq vjsuahj juuqt op usfis vuhiv vjev fiemist modipti.