I am perplexing to sell my automobile which i still owe 20000 on. I had someone suggest the 20000, yet they would need to financial which amount. How would this chairman go about removing the loan even yet i now have the loan upon the car. Also, would I be means to financial an additional car?
HOW DO I FINANCE A USED CAR THAT SOMEONE ELSE STILL OWES ON?
Previous post: ACCOUNTING??
Next post: NEW STUDENT IN MBA WHICH COURSE YOU ARE RECOMMEND I HAVE TO STUDY FIRST AND WHY?
{ 4 comments… read them below or add one }
If you contact the finance company, they’ll give a settlement figure that you can pay off upon selling the car. How the potential buyer gets the 20,000 to pay you is their problem, but you could always ring your finance company & ask if they’ll provide the purchaser with finance too.
It’s real simple. The person who wants to buy the car from you goes and gets their own financing. Their lender gives them a check for $20,000. The buyer gives you the check, then you go to your lender and pay off your car loan, your lender issues you the title and you sign it over to the buyer.
At that point you no longer own the car, you’ve paid off your debt, signed the car over to the new owner and you are now free to go find another car and obtain another loan.
clearly stating reasons for you to check properly before applying for a loan from any loan company, has actually helped me, till i met Mr Williams Lawrence Gates of williamsfinanceandloans@googlemail.com`and this was what i had wanted to say as same as all, but i was proven wrong, as i got that loan i have inquired from all companys in the past four months and either been turn down or scammed..
So it is a trustful suggestions for anyone in need of a loan to contact them via email at williamsfinanceandloans@googlemail.com and also get that loan i got from them Okay..
This is no joke, try them out and you will have a reason to refer others here to them for their loan, because i am not just a witness but with experience from the God loving loan company Okay..
Francesca fisher
You can find a lot of information about car finance at
http://freearticlesdb.com/search/?a=search&q=car+finance&sa=Go