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Yes, though you have to pay off the loan before or as part of the process.
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∙ 10y ago
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How do you sell a upside down car?
If you mean you still owe money on the car you don't sell it unless you can take the money and pay off the loan. The bank really owns your car and the pink slip, so if you sell it without the loan getting paid you still owe the money to the bank.
How do you get rid of a car on which you still owe money?
Sell it privately for what you owe on it.
Can you sell your car before it gets repoed?
Even if you could you would still owe the bank the money they paid for the car.
How do i sell a wrecked car i still owe money on?
You cannot sell a car you have a loan on if the lender has a lien on the vehicle. You will need permission from the lien holder to sell the car. If the lender has no lien on the vehicle then you can sell it if you wish. The title will list any lien holder.
How do you sell a car without the pink slip when still owing money on the car?
You can't sell it. You don't own it. The bank or loan company owns the car. You need their permission to sell the car and transfer title.
If you have car Repossessed why do you still have to pay for something you haven't got.?
Yes, if the current value of the car is not enough to settle your outstanding loan + any charges that have been added leading up to the repossession.Think of it this way -You borrowed MONEY to get the car. You owe back this MONEY not the car (because the value of the car is going down all the time while you are using it and it is getting older)If you fail to pay back the MONEY they have a rite to take back the car as an asset against this MONEY you owe.If when the car is resold it does not sell for enough MONEY to pay off your debt, then you still owe the people some more MONEY.
Where can I sell my car for money?
You may sell your car for money at any used car dealing store. You may also try selling or trading the car at car trading stores.
Can creditors force you to sell your car if they have a lien on it?
No, they cannot. But if you borrowed money to buy the car, they can repossess it if you do not square things up. If they take it, they can sell it for you, and you will still owe the difference between what it sold for and what you had left to pay on it.
Can you sell a car that you still owe money on if the buyer takes over payments?
Yes, if the lender approves of the transfer of the loan.
Can you sell a car while there is still an insurance claim to process?
Yes you can. Having a pending claim has nothing to do with the car itself, unless the car is subject of some evidencairy issue, which in fact would be the car being in the police impound lot and you woun't have possession of it. Do you owe money on the car, that is a totaly different issue. If you do, no you can't.
How do I get the car loan out of my name when I sell it to some one?
You cant. The loan in your name must be paid off by you. So if you plan to make any money off your car you will want to sell it for more then what is still owed.
Where can I sell damaged cars?
You can still sell damaged cars on kijiji or craigslist just stating that there is damage on the car. the price might be cheaper but still can sell for money.
