how to sell you car when theres a loan on it?

TeeterTawter · #1 07-10-2008, 07:57 AM

How do you sell a car when there is still a loan on it? I have no clue on how to do it.
plz help
thank you
sean

01A4T · #2 07-10-2008, 02:19 PM

the buyer has to pay off the rest of the loan and any (if any) extra you sold the car for. Alot of buyers don't like to buy cars with leans due to the hassle......

TeeterTawter · #3 07-10-2008, 02:33 PM

isthere way afor me to sell it, and pay off the loan myself with the money i got from selling the car?

01A4T · #4 07-10-2008, 04:15 PM

Quote:

ORIGINAL: TeeterTawter

isthere way afor me to sell it, and pay off the loan myself with the money i got from selling the car?

It depends if the buyer is that trusting of you to give him the title when you pay it off with his money. I for one wouldn't do that as a buyer.

Palindari™ · #5 07-10-2008, 04:29 PM

Quote:

ORIGINAL: TeeterTawter

isthere way afor me to sell it, and pay off the loan myself with the money i got from selling the car?

legally - no. You don't own the title so you can't sell it.

but if the guy is willing to work with you... who knows [&:]