Can I sell my car to a junk yard?
The issue is that I still owe $1000 to the dealership. My car works, but it has some minor problems: window won't open properly, a few scratches, A/C works when ever it wants... I have thought of selling it to those people that buy junk cars, but like I said, I still owe the dealership. Can I do this? Please let me know...
Public Comments
- Yes you can, but only if you have the title. If you owe the dealership, they still have the title. This being the case, you will have to pay off the dealership to sell it to the junk yard.
- Take the car back to the dealer who you owe money too. It's NOT your car to take to the junk yard, it's belongs to the dealer until you pay it off. Besides the junk yard will require you bring the title in and which you do not have.
- Yes, you can sell the car to whoever you want to sell it to but you MUST pay off the loan in full before you can legally transfer ownership to anyone. Until the loan is paid off you don't' own the car. Therefore you can not sell it until the lien holder (the lender) gives you the clean title. But the questions is, WHY would you want to sell the car to a junk yard for $200 - $300 MAX when you can put an ad on Craigslist and probably get $1200 for it. Any car that runs is worth $1200. If the repairs are all minor and don't affect the way the car drives or the safe handling of the vehicle that car will sell for real money easily.
- A junkyard will only pay 1- 200 dollars for it, most likely. Sell it, and when you get the monet for it, get the title & pay the dealership.
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