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Can you sell a car to a dealership if you still owe money on the car?
Wiki User
∙ 11y ago
Yes, Because then they would be responsible for taking care and paying for the car.
The slang term "upside down" refers to when you owe more than the car is worth. If you sell a car to anyone (including a dealership) for less than you owe you would be the one responsible for paying the difference. The dealership will verify with the fiance company what payment is required to release the lien.
For example if you owe 10,000 on your car and the dealership will give you 9000, you would have to pay them 1000 to take the car. If you're trading in the car, then the shortage can sometimes be rolled over into the new car purchase.
Wiki User
∙ 11y ago
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How much money does a car dealership owner earn in Sumter South Carolina?
it depends on what kind of dealership it is and how many cars they sell. :D
Can felon sell car at a dealer ship in California?
Typically, no a felon cannot sell a car at a dealership in California. Unless, of course, they are the outright owner of the car in which they are trying to sell to the dealership, (and have all the paperwork to prove this true) OR they are under an employment agreement with the dealership, and it is their job to sell cars at the dealership.
Can car dealership sell car with window broken?
no
How much money does a car dealership make?
A car dealership makes a considerable amount of money each month based on the number of cars sold. The most successful dealers sell multiple cars everyday and are very profitable.
Can you sell back the car to the dealership when your car is wroth more then what you owe?
yes because you don't have to pay for the car. But if the dealership does not want to buy it you can't sell it to them
How can you make a car dealership profitable?
Sell it.
Would a used car dealership sell you another used vehicle when the car you were recently buying from them was totaled in a car accident and you did not have insurance on the car?
So long as you don't still owe money on the first car, I expect they would. I believe if you paid off the wrecked car, they may sell you another. They may require you get insurance before it leaves the lot.
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 a use car dealership sell you a car which the title is in someone else name?
no
Can a car dealership sell a car on a Sunday?
Laws differ from state, to state.
Is it illegal for a car dealership to sell a car with a non working speedometer?
Yes
