I just bought a car on Monday, and have since discovered that the car is not for me. I did take it for a test drive, but obviously not for long enough. The car (Mazda3, hatchback, 2005, 23520 miles now) is in great condition, but being a larger person with a 3 month old tailbone injury, it just doesn't work.
Once I return the extended warranties that I bought, I will owe $4000 on it. I financed it through the Honda dealership that I bought it from. If I sold it through Carmax, I believe that Carmax would take care of paying off the financed part, and cut me a check for the remaining.
What if I wanted to sell it via Autotrader? I would want to get about $17500 for it (the original factory warranty is good until 7/09 or 50,000 miles). I know I have to wait until I have plates for the car, but how would I sell it to a private party? I wouldn't have the title until the car was paid off, and I wouldn't be able to pay the car off until I get the money for it? Can I still FSBO?
2007-02-23
14:22:40
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4 answers
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asked by
Scorpeo
2
in
Buying & Selling