I do not want to buy a new car because I want to leave the country. It is new honda civic 2006. I bought it in June. It is in good condition, no accidents.
2006-11-18 00:33:16 · 6 answers · asked by MONIKA S 1 in Cars & Transportation ➔ Buying & Selling
You sell the car, then take the money from the sale and pay off the car.
2006-11-18 00:35:05 · answer #1 · answered by Emm 6 · 0⤊ 0⤋
Assuming that the buyer is purchasing the car at or more than the loan balance, the buyer obtains a cashier check for the loan balance, made out to the lender.
A cashier check is necessary to consummate the pay-off and transfer at once.
You must contact the lender to obtain the pay-off amount on the day of closing and make arrangements. You both go to the lender and the loan is paid off.
The title is transferred to the new owner, after which he applies for a new title in his name.
If the sales price exceeds the loan balance, the buyer pays you the difference.
2006-11-18 08:49:57 · answer #2 · answered by ed 7 · 0⤊ 0⤋
One way to do this, is if the buyer agrees to assume your car payments, and the lender agrees to the transfer of ownership. Otherwise, you cannot sell a car with a lien on it.
2006-11-18 08:37:12 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Yeah, just sell the car for more than what's due and pay off the loan.
2006-11-18 08:36:17 · answer #4 · answered by Becky 2 · 0⤊ 0⤋
You have to sell it for as much as you owe on it or you willpay the difference. I don`t think you finance company will release it any other way.You will need their approavl to make the sell. Have a fun day
2006-11-18 11:16:26 · answer #5 · answered by ? 4 · 0⤊ 0⤋
simple contact a second had car seller and transfer the docoments to the new buyer,
2006-11-18 08:35:53 · answer #6 · answered by wasi 2 · 0⤊ 0⤋