Overhaulin'

What is the best way to sell a car for enough cash to cover what is owed?

I just want to break even. I have a 2006 Chrysler Sebring four door sedan on which I owe around $12000. I need an SUV, but I don't want to pay any negative equity on a trade in. Can anybody help?

Public Comments

1. you're best off selling it to a person rather than trading it in to a dealership...if you must get rid of it try to wait until the end of the model year when you can get a good enough rebate to help you get rid of it...good luck
2. Part of buying a car is getting screwed. The best way to minimize the screwing is to keep the car until it has positive equity. if you want to get rid of it now, your best bet is to screw someone else by selling it to them in a private sale.
3. Your car depreciates to fast. You will owe more than its worth until the last payment. Have a nice day!
4. Ebay motors, more buyers competing. Why do you need an suv? Live on a mountain? That car is worth 10,000. The convertable goes for around 13,000
5. What you might consider is, putting an ad in paper and selling it just for payoff, or allowing someone to take over pmts. "ie: car for sale, just take over pmts" You may want to put in what pmts are and what payoff would be, If you go into bank and tell them you are selling for payoff, they usually deduct some interest due to early payoff on your part, so you may not owe $12000 like you think. Go in and talk to a loan adviser and see what your options are. Good Luck