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Upside down in my car loan but want to sell?

I am upside down in my car loan and want to sell it however I am confused as to how it works. Say that I sell it for what I can and there is still a lot that I owe on the loan. The buyer will want the pink slip and I still owe the bank. I do not have the money to pay them back all at once so can not get the pink slip from them to give to the new buyers. Any way to get the pink slip from them and still be able to make payments on the remainder of my loan?

Public Comments

1. You need to talk to the lender and see how he would do it. maybe the bank will give the the pink slip plus a loan for the balance on a personal note that is not connected to the car
2. The bank will not give you the pink slip unless the loan is paid in full because then they will have no guarantee that you will repay the remaining amount. If you go and get a personal loan from a bank (if your credit is good enough) you can pay off the remaining amount and get your pink slip from the bank. I would just keep the car and stick it out untill the amount is paid off or you will never get out of being upsidedown in the loan .
3. You will be responsible for the inequity, meaning the difference between what you owe and what you can sell it for, either in cash or with a personal loan.
4. i suggest you should go with upside down car loan, there are many on-line sources who provide this type of loan for people have any credit situation, for your reference http://www.90secondcarloans.com my one of friend had recently get an upside down car loan with bad credit and also with minimum rate of interest, you can try this source may this could help you.