How do I sell my car while still making payments on it to the bank?

December 16th, 2005 | by Michael |
sell car
alongfortheride asked:



CORNELL

  1. 2 Responses to “How do I sell my car while still making payments on it to the bank?”

  2. By skcs11 on Dec 17, 2005 | Reply

    you got it right, just ask the bank

  3. By Brian G on Dec 20, 2005 | Reply

    Call the bank for the payoff amount first. When you sell the car, arrange with the buyer and the bank to meet at the bank. The seller gives the bank their money and any extra to you, or if your loan is upside down like most car loans are after only a year, you would pay the bank the remainder owed. The buyer doesn’t have to wonder if you will actually go to the bank with their money and you don’t have to come up with the entire loan amount to clear the title.

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