Dear Don: â€œI have a 1994 GMC truck that I would like to sell. It is in great running condition, however, the air conditioning is out and the clear-coat is peeling. Would it be better to spend the extra money to fix these things or sell it as is at a reduced price? Also, how much should I reduce the price?â€ Carlene W., Crystal River, Florida.
Hi Carlene: Used pickup trucks have always been in demand, even when they are not in the best of condition. I have learned that, generally speaking, pickups are a â€œguy thing,â€ and that most guys will say something like, â€œIf I can get a good deal on a used pickup, I can fix it up myself and have a good truck without having much money in it.â€ In many cases, the buyer can do just that. Perhaps this is an opportunity for you to capitalize on that thought and sell your truck without spending a lot of money on it. Also, the more time that it takes for you to repair the deficiencies, the more the truck will depreciate in value. Please consider the following observations… (click to read more)
Donald L. Turpin, is the author of Penny Power, a book of true, chronological and humorous stories about how he parlayed a $100.00 cash retirement gift into over $50,000.00 cash using classified ads. Got a question? Click here to Ask Don.