How To Sell a Car That Is Not Paid Off
You've decided to say goodbye to your car. Maybe you have an eye on another newer, shinier model, or you feel that you need to downsize your car and your payments, or you've decided you don't need a vehicle anymore at all. Whatever the reason, you want to sell your car. The only problem is you still owe money on the car loan.
So, are you stuck with the car — and the string of car payments — that you currently have? Or is it possible to sell a car when you still owe money on it?
The simple answer to that last question is yes. But owing payments on a loan will affect the amount of money you get for your car and the amount of work you'll have to do to collect that money. Frankly, the difference in time and effort can be vast. The process can take less than an hour, or it can take days or even weeks filled with delays, hassles, and paperwork.
What follows is a step-by-step guide explaining how to sell a car that is not paid off.