patrickryanlewis
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Think about what you are saying one time.
The car loses value as soon as you drive it off the lot, so whatever you loan is would instantly be less than the value of the car. No company is going to take on the financing of something that less than the value of the collateral to begin with. |
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Doctor Deth
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you'll get more a sa trade in or thru a private sale to an end user - not a middle man like a used auto dealer, when you pay off the loan balance, then you forward the title to to the owner |
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LYNNSGARETHS
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there are company who advertise in newspapers who buy your car and clear of any finance you have,they advertise saying cars bought for cash i dont know if they give you less than book price i think it depends on condition. |
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njyogibear
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how much do you owe, and how much is the car worth? you might be "upside down." |
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welshbloke
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Advertise it and sell it privately, then you have to pay off the remainder of the finance ....UNLESS you had a personal loan and not an actual car loan |
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redcliper
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i'll but it from you, contact me asap |
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ob1_jabroni
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Not that I know of, usually you have to sell the car and with the money you get you have to clear the finance yourself. If you leased it from the dealer, then try to sell it to him, sometimes there buy back is a decent price. If you got it privately then you have to go around looking for a deal. Try selling it on your own in a paper or something, you get the best deals that way.....then pay off your debt |
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src50
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No one will buy it for more than the market price. If you owe more than that, you'll have to come up with the difference. |
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bidhutnet
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I had the same thing with my car and I just sold it a few weeks ago. If you only have 1 year left chances are you can sell it privately and get what you owe on the car and maybe even alitttle extra. Just list it in the paper and let the person know the bank has the title and give them he number to the bank so they can varify it or take them in to bank to verify it. Once they pay you, pay the car off and the bank will send you the title then you just sign it ov er to the new owner. |
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That_ blue_ eyed_ Irish_ lass
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Try selling it privately .
Craigs list .org is a great place to advertise for free and you get good results.
You can take out a personal loan and pay off the car
Your only other option is to go upside down on your loan and trade it in . Upside down means the remainder of the loan is added into your new payments |
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bobcat 007
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sounds like you may need to find a "retail" buyer to payoff your loan, or make up the diff yourself |
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Cory Anderson III
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Just sell it and then clear the finance with the money...as long as the purchaser knows where you live etc etc they wont mind buying it while finance is owed knowing that you will clear the finance with the sale money. |
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Paul H
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check with the finance company!
My Brother in Law bought a car on a Ford Finance deal, after a year he didn't want it any more so he "swapped" it with the Ford dealer for a smaller car on a new deal.
But my brother in law then "sold" his car to a friend, on the understanding that his friend would pay the outstanding payments on the finance.
His friend wrote off the car without insurance and defaulted on the payments: my bro-in-law was liable for the debt with no car to show for it.
When I have bought a car on a finance deal there is an option to "give it back" early and clear the finance, but this depends on the deal and the milage/condition of the car.
Or as above you can usually buy a new car on a new finance deal and the old deal and old car is taken into account. Obviously, if you bought (say) a Ford then you will have to buy another Ford, but it may be easier to "downsize" this way as my bro-in law did. |
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james
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Most garages will not offer book value for your car as they will not make any profit off of your car if they sell it to someone else.So this means that you are upside down on your car note, which means that you owe more than the worth of the car. They will not clear the finance, but you can probably trade it in for a newer car but you will end up in the same situation when you get close to paying that one off. So you can either pay it off or trade it in for a newer, nicer car. |
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