Can I sell my car when i still owe a large amount on it?
I bought a car 1 and 1/2yrs ago and can't afford to keep it anymore. I thought about taking it to the dealership to see if they would be interested in buying it from me but i don't know how that process works.Will they write me a check and i can purchase another car from somewhere else or do I have to buy another car from them which I don't want to do. I also thought about calling the finance company and telling them to come and get it but I was told when you do that process your still responsible paying off the amount that they sold the car for. Bottom line all I want to do is get rid of this car so I can get one that is more budget friendly. Please help I just don't know what is the best way. Thanks
However you decide to sell your car (throught a car dealer, Craigs List, etc) you will need to pay off your loan before you can sign off your title. Call your lender and ask what the process is. You should be able to find the number on your monthly statement.
