Should I sell my truck or keep it for my junk business?

  • This topic is empty.
Viewing 13 posts - 1 through 13 (of 13 total)
  • Author
    Posts
  • #2227 Reply
    John

      Alright guys, I need help. I bought this truck and I’m 1700 in. I use it for my junk removal and hauling company but have gotten offers for 3500-4000. Should I keep and use it for my company, or sell and get something else?

      Should I sell my truck or keep it for my junk business?

      #2228 Reply
      Philip

        If it makes you money, then it’s a no-brainer. Keep it as a recurring revenue stream.

        #2229 Reply
        John

          To be honest, if you plan on progressing with your junk removal business, then you’ll need to work towards a 2500/250 or better eventually. If you have other money to play with, I’d let it go for the 4k now and find a bigger truck to work with.

          #2230 Reply
          Dylan

            Sell it and buy new? That’s an easy 2k profit and can buy a good running driving truck under 2k all day.

            #2231 Reply
            Killeen

              Keep using it and look for a replacement in the meantime.

              #2232 Reply
              Greg

                If it works for you, keep it. Nothing like something that’s paid for, unless you are under it more than you are in it.

                #2233 Reply
                Jake

                  If the money from the junk removal is worth it, fuck car flipping. I’d save up do a diesel, then sell the ram and buy a dump trailer with the ram money.

                  #2234 Reply
                  Jake

                    I had one of them before. I’d love to have one again. I got a 2020 ram now. But I miss the single cab like that. I had the same stance too. Keep it.

                    #2235 Reply
                    Lando

                      Keep it get another truck first then sell it think u sell it and don’t have a truck and your missing out on money so. Now you have to scrabble around to find a truck, rush purchases don’t always have the best outcome.

                      #2236 Reply
                      Dan

                        Keep it. Selling it outright, you’re making 2 grand. But then you gotta find another truck for the business. I’d only sell it if you were planning to use that money to buy a nicer truck or trailer/piece of equipment. Otherwise, if it’s making you money now, there’s no point to sell it.

                        #2237 Reply
                        James

                          Kinda on a similar boat bought my s10 for $300 invested another 2-300 on it and got the rest of a parts truck that I got off a customer and have had a 4k offer and a 4,5k offer and I don’t if to let it go or keep it definitely planning on making side money with it.

                          #2238 Reply
                          Gee

                            Rinse and repeat. The goal here, my brother in flipping is to find a way to repeat the same financial success on every flip. So, I would say your best bet would be to let that truck go and get 2 trucks to flip. Sell those and buy 4. Then sell those and keep one and buy 7. IDK how much space you have, but in the car sales world 8 vehicles is not much at all.

                            #2239 Reply
                            Ande

                              What’s the mileage at? If you’re over 175k, let her go and start with something lower to raise them slowly up again and repeat as you go, keeping the mechanic shop out of view while you go.

                            Viewing 13 posts - 1 through 13 (of 13 total)
                            Reply To: Should I sell my truck or keep it for my junk business?
                            Your information:




                            Scroll to Top