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Jonathan Jaime Velarde
Pro Member
  • Rental Property Investor
  • Thousand Oaks, CA
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147
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Sell my paid off 2012 F150 FX4 to acquire cash???

Jonathan Jaime Velarde
Pro Member
  • Rental Property Investor
  • Thousand Oaks, CA
Posted Jun 23 2017, 12:07

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?

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