I am very unexpectedly getting a divorce and in order to afford to keep my house, I need to get rid of the two vehicles that are titled in my name (yes, his vehicle is in my name too because his credit is bad and they wouldn't loan to him). He went out and bought another vehicle, so it is pretty obvious he is going to stick me with the other one. Both are in loans and I was wondering if it would be better to try to sell them outright or if I should try and trade them both in, plus the cash to get them paid off in order to get something cheaper. Anyone who works in the car industry have some insight?
2006-10-27 13:13:04 · 5 answers · asked by aprylcross 1 in Cars & Transportation ➔ Buying & Selling
take the buyer with you to the loan office and pay off the loan :)
2006-10-27 13:16:38 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I agree w/ johnnysun- get them a reputable local dealer, explain the situation, and trade 2 for 1. Do your homework 1st though, check KBB and Edmunds for pricing, (be sure to use 'trade-in value). Be firm but polite re: the $$ they will give you, there are dealers everywhere, and the next one may give you a better deal. Also clean the cars up, inside and out, it DOES make a percieved difference to the wholesale buyer. You won`t get near what they`re worth private party, but you`ll be done with them and have one less headache. Or ask friends family etc. if they`re interested and give them a good deal, you just need to get out from under 2 car payments, insurance, etc.
2006-10-28 08:19:31 · answer #2 · answered by leonard k 3 · 0⤊ 0⤋
you would need to know their wholesale values compared to their payoffs to determine the answer to that question. If you owe substantially more than theyre worth youll be in deep trouble. Lets hope you could find a buyer...the time and effort on selling 2 cars would be frustrating. At a dealership they would be willing to take on 2 trades depending on their saleability and make the transition easy if you arent "buried" in the debt of them. Good luck.
2006-10-27 21:42:16 · answer #3 · answered by Johnny 7 · 0⤊ 0⤋
You won't get as much for them at trade, but you will get what you get immediately. It is a trade off.
2006-10-27 20:21:41 · answer #4 · answered by Nelson_DeVon 7 · 0⤊ 0⤋
try ther autotrader.com for your area!
2006-10-27 20:46:33 · answer #5 · answered by The Thinker 6 · 0⤊ 0⤋