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Old 12-17-2010, 09:27 PM   Thread Starter #1
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Default Selling A Financed Car

Hey fellas, Need some help/advice. I need to sell my max but the problem is that i have 13k left in payments and kelly bluebook value is only 10k. Is there a way around paying that 3k differance? or if i bring it back to nissan can i just pay the 3k in payments? Im not trying to make money off it.. ill be happy if i can break even...Anyone understand how things like this work? Any input or suggestions would be appreciated,
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Old 12-17-2010, 09:43 PM   #2
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Default Re: Selling a financed car

Find out how much the buyout is,probably less than 13,maybe 10 or 9k
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Old 12-17-2010, 11:10 PM   #3
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Default Re: Selling a financed car

The bank that gave you the loan has the title for the vehicle. They won't release that title to the new owner until that FULL amount is paid off. Try to sell it for as much as you can. List it for $13K and see what you get out of it. Mostl likely you'll end up paying the difference between what you sell it for and what's left on the loan to get the new owner the title. You won't be able to finance that difference because the buyer would want the title at the time of sale so he can register his car.
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Old 12-18-2010, 01:37 AM   #4
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Default Re: Selling a financed car

Try to sell it private, list it for 14K and take 13K. Other option you have is to sell the car for 10K and you pay the difference to pay it off. Like deadbolt said, you don't pay off all the amount you owe, they wont release the title.
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Old 12-18-2010, 10:35 PM   #5
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Default Re: Selling a financed car

Originally Posted by craze View Post
Find out how much the buyout is,probably less than 13,maybe 10 or 9k
What buyout? It's a finance, not a lease, right?
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