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
One Response to “What is the proper process to sell a used car that is financed?”
By answers on Aug 15, 2007 | Reply
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