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Old 08-06-2013, 03:27 PM   #1
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Question selling rig and downsizing or keeping it?

I have. 2008 Monaco Knight. It is a 38 foot pusher. Has been a great rig. Full timed in it since new.

We recently bought a codo in Maine and will not full time any longer. I owe $100k on the rig. Thinking about selling it and maybe getting a smaller rig. 32 or 34 foot gas or diesel.

Considering how much I owe, would you sell it and buy a new smaller rig for $100k or pay off the Monaco and do enhancements to it? Maybe new flooring a residential fridge.

Any bought s out there.

Steve
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Old 08-06-2013, 03:55 PM   #2
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Your choice may depend if your up side down on payoff value, and what you can sell it for.
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Old 08-06-2013, 04:02 PM   #3
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Should break even on sale.
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Old 08-06-2013, 04:12 PM   #4
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If by "break even" you mean paying it off, hehe, well, that is ONE way to look at it.

I would think selling a known quantity and buying new or unknown (used) would be a losing proposition personally. If you are going to keep a "rig", keep the one you have.

Chris
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Old 08-06-2013, 04:16 PM   #5
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If you decide to sell and buy a cheaper gasser, there is a REALLY NICE ONE in the Classifieds Class A section LOL

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