I have a coworker that I am trying to decide on selling my Ram to. First, this is a very good friend that I have worked with for 13 years. Has done me a lot of notary favors over the years and is in general trustworthy.
She wants to give me ~80% down and pay off $5000 over the next 12 months. Would anyone else do this?
My biggest hangup is that who knows what can happen in a full year? Layoffs, divorces, deaths. She does not want to get a loan to cover the $5000.
I'm just torn. I haven't gotten any other serious offers, and she wants to do this tomorrow because her current truck finally collapsed after 300k miles. Any chance this could work out? I have always been a cash now, no payments guy. Don't know, guess I'm just looking for stories where this actually panned out and worked as planned.