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You should be sure to get at least what you owe on it. When the buyer pays you, send the payment to the bank, wait for the title, sign it over to the buyer and give him the keys.

When you receive money, be sure to sign a bill of sale (date, vin #, both names, and agreement to sell the car).

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โˆ™ 2011-09-13 04:22:04
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Q: How can a financed car be sold?
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Can you register a financed car?

You can, should, and are legally required to register a financed car.


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That's a statement, not a question. What are you asking about the car?


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I don;t know what you mean by "Charged Off". Unless somehow they have written you off as a deadbeat and forgotten the car, which I doubt, they will come and get the car. They will then sell the car and you will pay the difference in what the car sold for and the balance on the loan. Your credit will be ruined for 7 years.


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