0
To sell a used vehicle with a balance owed, first contact your lender to determine the exact payoff amount and confirm the process for settling the loan. You can sell the vehicle privately or to a dealer, using the sale proceeds to pay off the loan balance. If the sale price exceeds the loan balance, you can use the surplus to pay off the loan and keep the difference. If the sale price is less than the owed amount, you’ll need to cover the difference to clear the title before transferring it to the buyer.
What else can I help you with?
What is excessive amount owed for an account on a credit score report?
The "excessive amount owed" is a phrase used to indicate that a particular account is over 30% utilized. Utilization is the balance of the account divided by the credit line. SO, if you have a $2,000 balance and your credit line is $3,000, your utilization is 67%, which would trigger an "excessive amount owed" in a credit score explanation.
What's a loan amortization schedule?
A loan amortization schedule is basically a calculator, its an outstanding balance calculation, and is used so that during a loan the balance which is owed can be calculated at any time.
Should you return a used car that has been totaled to the lender if you still owe two payments on the loan?
Returning the car to the lender will not relieve the borrower of the legal responsibility to pay the debt. The balance of the loan and any additional fees is still owed on the vehicle and is valid and collectible.
If you have the title to your vehicle can the bank still repossess it?
If there is money owed to the lender with the vehicle used as collateral, the lender will be shown as a lien holder on the title and can if the contract is defaulted recover the vehicle according to the laws of the state in which it is registered. yes
How can a payment create a credit balance on an account?
A payment can create a credit balance on an account when the amount paid exceeds the total amount owed. This results in the account having a positive balance, which can be used towards future purchases or refunded to the account holder.
Sell a Used Car?
form_title=Sell a Used Car form_header=Upgrading to a new vehicle and needing to sell the old one? Contact one of our dealers for a quote Has the vehicle been in any accidents?= () Yes () No Describe the condition of the car:=_ How many miles does your car have? =_
When does a used car sale become final?
when does the sell of vehicle becomes final
I want to look at used trucks. Is there a website specifically designed to buy and sell them?
There is a site called auto.com where you can sell your vehicle as a private seller. The problem with this is that when you sell the vehicle there is a fee for the ad and additional fees for the final listing fees.
Is it legal for a dealership to sell a used vehicle with seat belts damaged in the rear seat?
no
Which websites allow a person to sell cars?
There are many websites who allow to sell old and damage vehicle but Green Box Vehicle Recycling is one of the best London's company, who deals in used and old machines, please visit their website and contact them.
Where can I sell a used SUV for a good price?
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.
What type of vehicle did Tyler get after he was forced to sell his van for parts in the book twilight?
A used Sentra.
