Auto Loans and Financing
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Can you sell a vehicle for less than you owe privately?


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2015-07-15 21:42:28
2015-07-15 21:42:28

You would have to make the arrangements with the LENDER so the buyer could get the TITLE. Likely you would need the balance to pay off the loan before the lender would release the title.


Related Questions

To sell a used SUV for a good price it is best to not go through a dealer as they will most likely pay you much less than what you could get by selling it privately. To sell your vehicle on your own, you can list your SUV in classified listings in a local newspaper or Penny Saver. You might also try advertising the fact that your vehicle is on sale, on the vehicle itself.

It is especially wrong if you are not completely frank to the customer about the drawbacks of your product.

The Kelly Blue Book website can give you a basic idea of what you can expect for it. Bear in mind that the values given for an individual selling a vehicle privately are going to be less than what a licensed dealership will be able to sell it for. See related link for more information.

Yes, you do need a medical card for a commercial vehicle that weighs less than 26000lbs.

Yes, you can sell a vehicle that is still being financed. You will need to pay the loan company the balance of the loan with the sale proceeds in order to give the buyer a clear title. If you have to sell the car for less than you owe, you will be responsible for paying the balance out of your own pocket in order to transact a legal sale.

You can sell a car without a title. Most people will sell them as parts cars. If the car ever had a title in your name then you can go to the court house and get a lost title for it. If you never had the car in your name you will have to tell and buyers that it does not have a title. It will sell for less than if it had a title but you can still sell it.

Impound will sell your car after the impound fees are higher than the value of the vehicle.

Sell it for much less than it is worth, to an Arab.

Sell something for that amount.

Yes, they will use less fuel but the fuel they use is more costly. A diesel vehicle also costs more than the same vehicle equipped with a petrol engine.

If you are using E85 fuel yes it will get less mileage. If you are using regular unleaded there will be no difference.

If you mean after a reposession, yes, you are liable for the difference. When a vehicle is repo'd they don't bother to try and get all they can for it because you are liable for the rest. Sorry. I've been there.

No vehicle is completely free from noise and some are worse than others.Mechanical noiseis generally created by a vibrating panel or by two pieces of the vehicle making intermittent contact. The vibration can be caused by the bass generated by stereo or simply by driving a less than perfect vehicle on less than road.

It depends. If the gameboy is new, you can sell it for the same amount you bought it for. If it is used, you should sell it for less than how much you bought it for.

In most states, the lender will sell the car. If they sell it for more than you owed, they keep the extra money. If they sell it for less than you owed, they send you a bill for the difference.

it's less than a diamond but it depends on who you sell it to

You cannot sell a vehicle with no buyers, Advertise to attract customers. Newspaper, internet, etc. Price the vehicle reasonably. be willing to take less than you ask. Make sure the car is as clean as possible, and do not lie about it. Tell any prospective buyer anything that is wrong with the car. Sell the car "AS IS" and have a written paper available that spells that out in detail. Have the buyer sign the paper and date it.

If the vehicle is less than 10 years old, the dealer can sell you one. If the vehicle is over 10 years old and the dealer no longer carries that part, you can search the automotive salvage yards for a used one.

It costs less to sell things in the street than it does to rent a store in which to sell things.

It depends on:The title. Some sell better than othersThe edition. Original editions sell for more than remastered editionsThe quality of the DVD case. Scratched, cracked or chipped cases or cases where the sleeve is damage sell for less. Non-original cases sell for even less (yes they can tell the difference)The quality of the DVD itself. Scratched DVDs will sell for less

Provided you own the car in full and have all the paperwork, you can sell it at any time. However, just by driving away from the dealership the value of the car would have plummeted.

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