How to sell a car that is already under car finance loan. Please let me know?
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I purchased a car before six months with a help of car loan. I would like to sell the car now. Do i need to pay my loan first and sell the car or is there any facility to transfer the loan to any buyer.
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Ben Dere Dun Dat said:
Your loan has to be paid off before you can legally sell the car. If you find a buyer, they can either pay off your loan with cash, or if they have to get a loan, their bank or loan company will pay off your loan. Unless you got a real good deal when you bought it, don’t expect to walk away with any cash in your pocket. It may even cost you some $$ if your payoff amount is higher than the value of the car. Also, call your loan company, tell them you want to sell the car, and they will tell you what to do. They may even be able to set up financing for someone who wants to buy it.
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0November 21st, 2009 at 12:27 am -
UCANTCME said:
YOU WILL NEED TO CONTACT THE LENDER AND HAVE THEM TAKE CARE OF ALL THIS FOR YOU ONCE YOU HAVE FOUND A BUYER FOR YOUR VEHICLE.
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0 0November 21st, 2009 at 12:27 am -
bubba said:
i did it were i let someone take over the payments on my car. but your suppose to pay it off first because it has a hold on the lean!
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0 0November 21st, 2009 at 12:27 am
