Overhaulin'

can you Get cash from a car if its high value?

My boyfriend says that he can get cash from his car by selling it. His 2007 Toyota Corolla. He owes $9,875 on his loan. But he says his car is worth about $13,000. He says if he sold it, he can pocket the money and use or a down payment on another car he likes. does this make sense?

Public Comments

1. yep after he pays off the $9875 He can keep the rest
2. It's simple subtraction my dear.
3. yup. pretty much, all he has to do is pay off his loan, and the rest is his.