2007-02-27 14:28:38 · 4 answers · asked by leonard1 7 1 in Cars & Transportation ➔ Buying & Selling
The same way you sell any other car, with one additional step.
Sell the vehicle, get the money, pay off the existing loan (add any money or pocket the difference if applicable), done!
Most dealers will do the paperwork for you if you are selling it back to a dealer. Just beware that they don't include the additional amount, if any, into your next loan without telling you.
2007-02-27 14:53:09 · answer #1 · answered by Kasey C 7 · 0⤊ 0⤋
You sell the car either for more than you owe on it or your equity plus the contract for the finance bank or company that you use. If you just want to get rid of the car, you tell someone to take over payments with no equity involved.
2007-02-27 14:38:24 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If the car is paid off, you simply include the lien release with the title. If the car is not paid off, you need to contact the lienholder and ask the procedure. They will give you a lein release when the loan is paid. This can be accomplished by going with the buyer to the bank.
2007-02-27 14:37:04 · answer #3 · answered by J.R. 6 · 0⤊ 0⤋
sell it for the payoff price or higher and pay off the loan
2007-03-03 09:07:18 · answer #4 · answered by bingobum 3 · 0⤊ 0⤋