Can i sell a car even if im not done paying for it?
2007-01-01 17:03:42 · 11 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
Yes as long as you have enough money to pay off the loan or the sale price of the car is higher than the balance of payments (i.e. you have equity). Make sure that the lender isn't going to penalize you for paying the loan off early.
2007-01-01 17:15:43 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You can... but it will be difficult because you will need to inform the buyer of it and whatever company you did borrow the money from.
You will need to go to that company with the buyer in order to pay them what you owe them before finalising the purchase contract with the buyer.
In Australia... a buyer can run a check on a car and find out if the car has been paid for.
2007-01-01 17:20:02 · answer #2 · answered by Aussies-Online 5 · 0⤊ 0⤋
Sure you can. But you must have a pay-off clause in the contract. You see, if you haven't paid it off, then you do not have the title. The buyer must have a title available. You cannot sell a vehicle without a title. So the vehicle must be paid off.
2007-01-01 17:11:06 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Yes, but your loan needs to be paid off with the proceeds of the sale or the loan transferred to the new owner.
2007-01-01 17:18:04 · answer #4 · answered by puterwiz 1 · 0⤊ 0⤋
Yes, as long as you clearly disclose the fact that there's still a lien on your car.
2007-01-01 17:11:08 · answer #5 · answered by Kasey C 7 · 0⤊ 0⤋
Post your car for sale on www.unocardealers.com -the online market place for cars. It is quick, hassle-free and most of all, it is FREE (email ID required for registration).
2007-01-05 05:09:42 · answer #6 · answered by Uno Car Dealers 1 · 0⤊ 0⤋
you can sell it you wil however need to to pay the loan off to get the lien reliese
2007-01-01 18:01:45 · answer #7 · answered by wii awesome 2 · 0⤊ 0⤋
you can sell anything you want as long as you can handle the consequences
2007-01-01 17:06:27 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Congrats on paying down a sturdy factor of your debt. i would not recommend advertising your automobile. You reported which you have a 2 3 hundred and sixty 5 days previous toddler. She needs stable transportation. in case you get a lemon the motor vehicle maintenance could negate any mark downs. shop the motor vehicle and picture of different the kind you may shop or make funds. You never reported what your spouse does yet while she isn't working exterior of the homestead, perhaps she needs that can assist you via babysitting for yet another toddler interior the community. She would desire to actual make $2 hundred+ a week doing that. think of how lots $4 hundred in line with month could bypass to pulling down that debt? You never reported what the interest is on your credit enjoying cards or what your credit is like. in case you consolidate all your enjoying cards into one fee you will desire to probably shop a ton of money doing that and repay your debt swifter as some enjoying cards even supply no interest for 3 hundred and sixty 5 days for transfering your balances. you reside in California- large climate 3 hundred and sixty 5 days around for a storage sale. Any junk laying around the homestead that would desire to generate any extra advantageous earnings? unsure what your different expenses are yet for the three hundred and sixty 5 days see approximately ingesting out much less and reducing expenses that way. each and every little bit can help.
2016-10-19 08:33:00 · answer #9 · answered by ? 4 · 0⤊ 0⤋
yup
2007-01-01 17:04:41 · answer #10 · answered by Anonymous · 0⤊ 0⤋