How do I go about selling this car while there’s a loan on it? Obviously I will have to get my credit union involved. And will this effect my credit score? My plan is to sell this car for $10,500. Pay off $6000-7,000 and then use the difference and extra $1000 to pick up a cheaper car..
Don’t Lien on Me! Warning. This story requires the reader to hum and sing along.. In the case of a car loan, a bank (or finance company) will register a lien against the vehicle giving them the right to take possession of it should the borrower default on the loan and to sell the vehicle to.
Ford’s decision comes at a time when Indian Prime Minister Narendra Modi’s administration is trying to boost local manufacturing by cutting corporate tax rates and offering cheap loans to push car.
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Help Me Sell My Car When I Am Upside Down on the Loan – If your car’s value exceeds your loan balance, you shouldn’t have any problem selling the car and paying off the loan, However, if your loan balance exceeds the market value of your car, you’ll find yourself in the unfortunate position of being upside down on the loan.
The car I bought is on loan and now the dealer is offering me very less compared to the blue book value. I am expecting $16k from the car and my loan outstanding on it is $13.5k. I want to pay off the $13.5k and put the $2.5k along with some money I saved up for a cheaper car, so that I have no payments.
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How trading in a car works. When you trade in a car with a loan, the dealer takes over the loan and pays it off. When you trade in your car to a dealership, its value is subtracted from the price.
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A dual British and Pakistani national who was born and raised in Japan, Mian inherited his financial way of thinking from his.
Maybe you moved to a neighborhood where everybody is way richer than you and has a fancier car. You took a job at. on a.