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  1. 07-25-2008, 03:08 PM #1
    Greebo
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    Default Getting rid of oil heat - sell back old oil?

    So the apartments we bought have an oil furnace. When we added the 2nd water heater, we learned that we could pay $1,200 for the chimney work and $5,000 for 2 gas furnaces, and let each renter pay their own utilities, OR we could pay $6,000 for the chimney work (stainless steel, wider chimney flu, lots more labor) and continue w/ our plan to pay for heat as part of the rent since it was in common.

    We took option 1 - no brainer - oil heat's expensive!

    So now we have an oil tank about half full - no idea how much.

    Here's the question - can we sell it to someone? I mean - legally? Will the oil co buy it back maybe? Or are there independent people who will buy it?

    We don't want to leave a half full tank of oil hooked up to an old furnace that is no longer going to be used.
    If you could kick in the pants the person responsible for your problems, you wouldn't be able to sit for a month.

    Did you know that a 4 year student paying $20,000/year who finances their education graduates with over $103,000 in debt to start? But a student who works and pays cash and takes 6 years to graduate ends with $6,300 in their pocket! So much for "getting a head start by financing!"

    Greebo    (Nerd Spender): Loving and extremely patiently tolerated husband of ceashels.
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    Three     Two mortgages, two one no car loans, one no credit cards, and a partridge in pear tree!
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  2. 07-25-2008, 04:49 PM #2
    leezza
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    Greebo,

    I don't know about the law but if it is yours located on your property I don't see why you couldn't sell it......if your normal oil company doesn't want it you may want to ask them if they know of anyone who may want to purchase it......otherwise I would only use word of mouth because if you advertise it someone may come by and steal it....

    Good Luck,
    leezza
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  3. 07-25-2008, 04:52 PM #3
    blitzen
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    Greebo--try listing it on Craigslist. At our first house, we got someone to come over and pump out the remaining oil and remove the tanks for free--just for giving him the oil that was left. It was a good deal for us.

    You'll definitely be able to get rid of it, especially with the prices of home heating oil these days!
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  4. 07-25-2008, 08:31 PM #4
    Greebo
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    That's a good idea. Craigslist FTW again!
    If you could kick in the pants the person responsible for your problems, you wouldn't be able to sit for a month.

    Did you know that a 4 year student paying $20,000/year who finances their education graduates with over $103,000 in debt to start? But a student who works and pays cash and takes 6 years to graduate ends with $6,300 in their pocket! So much for "getting a head start by financing!"

    Greebo    (Nerd Spender): Loving and extremely patiently tolerated husband of ceashels.
     WARNING: Y Chromosome behind the keyboard. Adjust your listening filters appropriately!

    Three     Two mortgages, two one no car loans, one no credit cards, and a partridge in pear tree!
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  5. 07-25-2008, 08:38 PM #5
    FrugalMomof3
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    I actually just saw a listing on craigslist for an oil tank with it having 100 gallons of oil, not sure of the price, I think it was $250 or $275 so heck yeah sell that baby on craigslist.
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