Re: How to sell a car with payments left on it?
[quote author=ITHURTZ link=topic=93477.msg1826808#msg1826808 date=1193985848]
sell to a person, or to a dealer?
When you sell it to the person, when he pays you pay off the car and send him the title. With a dealer they will just transfer your balance to a new loan.
To a person.
So that means, someone buys my car for 15k, he sends me a check for 15k, I take the check and payoff the 8k that I owe the bank, bank sends me the ownership and I transfer it to the new owner?
Btw, how quick does the bank send you the ownership paper?