What is the proper process to sell a used car that is financed?
I am going to sell my car. It is financed through the car company. They have the title. How do I go about selling it when I don't have the title? No one will give me the money without the title and I can't get the title without the money. I know there has to be a procedure since people do it all the time. What procedure do I need to follow?
Public Comments
- You need to get a personal loan to pay out the finance company. You will have to ring up the finance company and as them for a payout figure - this will be the amount you will need to get a loan for. You will then be able to sell your car because you will own it and any money you get from the sale of the car is yours to do whatever you want with or pay off your personal loan with
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