2007-05-25 02:30:06 · 5 answers · asked by RONY_ABADI 1 in Cars & Transportation ➔ Buying & Selling
If you still owe more than you'll get when you sell, you'll have add some cash to that amount to pay off your loan. The loan company will then send you a clear title that you must give to the new buyer.
If the buyer is smart, he'll make his check out to your loan company and will insist on going with you to fully pay off the loan, so that he can get his title on the spot.
2007-05-25 03:08:59 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Well you can have them just assume the payments you still owe but you run the risk of them not making a payment or two and then Chrysler will still come looking for you.
Otherwise, if you can sell it for what you still owe on it then you send the money to Chrysler. Actually, I assume the other person will need to finance the car and the lender will know what needs to be done to get title transfer and such. Regardless, you will need to make sure you are cleared from the title. If you sell it for less than what you owe then the transaction cannot be complete until you send Chrysler the difference between what you sold it for and what you owe on it.
2007-05-25 02:37:06 · answer #2 · answered by Moose 5 · 0⤊ 0⤋
Do you owe more on the car than what you're selling it for? The factors which will decide your course of action are:
1. Are you selling for less than what you owe?
2. Is the buyer getting a loan, or paying cash?
I can help you more with those 2 answers.
2007-05-25 03:41:47 · answer #3 · answered by The Auto Evaluator™ 7 · 1⤊ 0⤋
you sell the car go to the bank whee the loan is pay them and have them sign off on the loan if you owe more thain your selling the car you will also need to get a loan to pay off the aditinal amount
2007-05-25 02:42:07 · answer #4 · answered by mobile auto repair (mr fix it) 7 · 0⤊ 0⤋
When you sell the car, pay off the loan
2007-05-25 02:35:44 · answer #5 · answered by Anonymous · 0⤊ 0⤋