2007-07-01 23:57:02 · 4 answers · asked by st. paul 1 in Business & Finance ➔ Personal Finance
First ask the finance company for a settlement balance, which should be less than the balance, depending on how long you took the finance out i.e 36. 48. or 60. months, then tell the company what your intentions are as they have first call on the car, that is until the last payment plus a purchase to buy fee is paid, (this amount is calculated in the last payment you would have to pay) I see no reason why the finance or Bank (who ever) would refuse your request.Good luck anyway.
2007-07-02 00:16:45 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Yes but the person ur selling it too must be made aware of the outstanding finace. The best way for both is to get the new buyer to pay the finance company direct for any outstanding and deduct this from your asking price.
2007-07-02 00:03:05 · answer #2 · answered by Tiger01204 5 · 0⤊ 0⤋
If you are over half way through your agreement you may be able to VT (Voluntarily Terminate) the agreement. This entails the finance company checking th car is in reasonabe condition and you giving to them.
Nothing more to pay!!!
2007-07-02 00:16:46 · answer #3 · answered by Anonymous · 0⤊ 1⤋
Not necessarily. If your finance agreement states that the car is not yours until it's been paid off then it's not yours to sell.
2007-07-02 00:03:07 · answer #4 · answered by Anonymous · 0⤊ 1⤋