what would i have to do to get the title so i can trade it other than paying it off
2007-08-18 21:08:09 · 6 answers · asked by yamaharidr608 2 in Cars & Transportation ➔ Buying & Selling
ok what if im not buying from a dealer but a private seller
2007-08-18 21:27:45 · update #1
If you trade the truck in, the dealer will pay it off! The way it works is you are given the value of your vehicle as a trade in, and any money due is deducted from that figure! If you have a truck worth $10,000, the dealer will pay the bank $5000 to get the clear title, and they will give you $5000 towards your new purchase!
If you owe more than the value of the truck, you will either have to roll the deficiency balance into your new loan, or pay the difference in cash!
2007-08-18 21:18:16 · answer #1 · answered by fire4511 7 · 2⤊ 0⤋
You can trade still owing money but then the bank the loan is from owns your new car til you pay them off. No getting around it, unless you dont care about credit. Then go to a chop shop and get a fake title and sell it in the paper.
2007-08-19 04:12:38 · answer #2 · answered by Anonymous · 0⤊ 1⤋
You cannot get title unless you pay off. Sell it and pay off with money you get and the bank will send title to you fast. A dealer will help in 2 ways. They will payoff and you will pay less tax.
2007-08-19 07:23:05 · answer #3 · answered by 12pleze 6 · 1⤊ 0⤋
The only way to get the title is pay off the loan... You want the truck and they want your money--fair trade...
2007-08-19 10:28:25 · answer #4 · answered by Gerald 6 · 1⤊ 0⤋
You are still able to trade your vehicle in even though you currently owe on it. The amount that is owed on your truck will be transferred to the new loan on your next vehicle and you will still only have one payment; however, it will make the payment of your next truck/car slightly higher to pay the difference.
2007-08-19 04:16:32 · answer #5 · answered by RainCloud 6 · 0⤊ 1⤋
you cant sell something you dont own. to get the title it needs to be paid off unless you sell it privately and get the cash to pay it off its your debt
2007-08-19 06:56:37 · answer #6 · answered by tee12time 1 · 0⤊ 0⤋