I have about 5,000 dollars to go. I have someone who wants to purchase my car for about 10,000 dollars (only 4 years old, 30,000 miles convirtible, and $10,000 is about the price what blue book suggests), which, if this is possible, then I want to repay entire car loan back and put rest of them to a new car downpayment. Thanks!
2006-12-30 09:41:51 · 5 answers · asked by gift_gif_gi_g 1 in Cars & Transportation ➔ Buying & Selling
Yes. You should alert your loan company. They will want paid off before they release the title. If your finance company has an office near you, arrange to have the buyer go there, with you and with a certified check.
2006-12-30 09:48:06 · answer #1 · answered by regerugged 7 · 0⤊ 0⤋
Yes, you can sell the car, but in order to get the title from the loan company, you must pay off the rest of the loan.
2006-12-30 09:46:52 · answer #2 · answered by Jay 2 · 0⤊ 0⤋
that shud be fine but just to be sure make sure you ring your finance company / loan offerer and double check the kast thing you ant is a knock on the door from a police officer ,
you will probally be able to come to some arrangement within your , the buyer , and the finance company
watever you do make sure first as some companies work different
good luck have a good new year
2006-12-30 09:50:03 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Yes providing you pay out the lender at time transaction is processed in order for the buyer to get clear title, any buyer with half a brain will not forfeit $$$$ without a clear title, but then again there are some real half brains out there.
http://www.usedcartips.org/
2006-12-30 16:57:57 · answer #4 · answered by Anonymous · 0⤊ 0⤋
i did something similar once, i made the guy pay the bank what was left and gave me the rest in cash, you might wanna try that.
good luck man
2006-12-30 09:44:41 · answer #5 · answered by Xput 2 · 0⤊ 0⤋