Feb
Should I try to sell to dealership or a private party? Anyone with experience please let me know. I need to sell it within 2 months or less if possible. Thanks for the advice.
Answer:
You'll get more money by selling to a private party than by trading to a dealer who will only give you wholesale value, or less. If you have a CarMax nearby, they buy cars from individuals. Put an ad in the local newspaper, advertise it in your local "autotrader" magazine (pick one up for free at your local supermarket), put a "for sale" sign in the window, or pay to advertise on eBay Motors. Here's an article with some more tips:
http://www.used-car-advisor.com/sell-use…
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Answer:
dealerships will take a car and pay it off if you are
1) using it as a trade
2) if you owe quite a bit less than blue book value (depends on the car)
private buyers will need to know up front that there is a ballance to be satisfied before they can buy it
but you may consider having someone "take over the payments" by seeing if you can transfer the loan in to their name (most people will not do this )
Answer:
If it's subject to finance you will need the permission of the finance co. (the legal owner) it's not yours to sell without this and you could end up being charged with theft.
Answer:
Dixon has no idea what he's talking about.
Unless you are trading it in for another car, no dealer will touch your car without the title in hand.
Sell it to a private buyer and pay off the loan, then transfer title to the new owner.
Answer:
Mccoy AND Dixon have no idea what they are talking about.
As long as your payoff is not $1,000's over a realistic selling price, most independent lots will be happy to sell your car for you if there is enough room for them to make money as well.
Just make sure the car is not a P.O.S. and looks good. Take it to a small corner lot and leave it with them for a few weeks. Tell them what your payoff is and let them keep any money over that amount. If the numbers make sense, your car will be sold.
Answer:
Call you finance company they might have options for you to sell the unit. But usually if you find a buyer and they are paying less then whats owed on the loan you will have to pay the difference along with there payment. To pay off the loan in full. Some finance companies might eve allow you to sell it and make arrangements with you to pay the difference in payments. But every Company is different and it might not be an option. Question? email me. Book Mark it-> del.icio.us | Reddit | Slashdot | Digg | Facebook | Technorati | Google | StumbleUpon | Window Live | Tailrank | Furl | Netscape | Yahoo | BlinkList