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Car Sale Doubt ?


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Posted

Car ammavali vayie  2011 mustang  ammesi   used rav4 tesukundam ani thinking. I still owe $9300 on my car. what is the best way to sell it ?   first loan clear cheyyala ? 

 

inko question enti ante car ki mottam cash pay chesi taruvatha car loan tesukovaccha ? 

Posted

if you have 9300 clear the loan and sell the car.

 

Or

 

Talk to the bank and let them know, they might suggest you some thing.

 

Or 

 

if the buyer is ok buying your car with loan

 

This is what we did when we bought a car with an outstanding 
loan.

The bank the car loan was done with was in town.

We all met there and we brought 2 money orders.
One paid the loan in full to the penny and one 
was the balance for the seller.( Get this info for the buyers.)

Then the buyers take possession of the car , gets a bill of sale and 
a copy of the loan marked paid in full.
The title is mailed from the loan bank to the new owner.

I cannot tell you if this is officially the proper way but it worked fine for us.


 

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