Wilfred Santacruce: I think your confused. It is my car I am selling, not trading in or buying. I have no reason to take it to a mechanic because there is nothing wrong with it. If a potential buy would like to they are more than welcome to, but I know my car has not been though a flood. or wreck.
Travis Colomb: No. You need to pay the loan off and transfer the ownership to the buyer. I know I wouldn't buy a vehicle unless the seller had clear title in hand. It isn't your car to sell until the loan is paid off.
Jarrod Darnall: I think I will just starting putting the majority of my paychecks on the balance to get down to a more reasonable amount and them try and sell it. I just don't drive it since I have moved so I have no good reason to keep it.
Toshiko Reimers: You can combine what you owe on the present car into the new loan == as long as the car dealership is OK with that and they will pay off the present loan/note..............It is not permitted f! or you to owe the payments and sell the car ( or trade it for another car and still owe money on the loan)... the bank will not accept that == it works for you,,,, it will not work for the bank. Your next choice -- the 2009 Cobalt -- will be a good car and you should have an independent mechanic (not the dealer mechanic) check the car ... there have been numerous cars with low milage that have been ""cleaned-up for sale"" that have been flood damaged.... NOT TO SAY this pick is a problem (I have no idea where you live) only to say that it would be wise to have a good inspection to be sure that this really is the car for you........... Tell the car lot that you need more money for your car __ and THEN ... do not talk ... just sit there ,,,, wait for their response ... do not talk .... you have their their attention and you are in charge because you are the person that is buying ... try it and see what happens...... nothing ventured ,,,, nothing gained .... shoot for another! $650.00 and settle for another $500.00 on your present loan ! --- get tough and get their money .........hope this helps you....Show more
Sheron Perrez: When you sell your vehicle, you need to pay off the entire loan amount that you owe at the same time. In other words, if you sold your car for $11,000 and you owe $12,200, you need to pay $1200 out of pocket to the finance company for them to release the lien. And releasing the lien is the only legal way you can sell it. As was already stated, in the real world, you will have a tougher time finding a buyer who is willing to purchase a vehicle without a guarantee that you will give them the title, in-hand. You would likely need to coordinate a meeting with your lender and the buyer for this transaction to take place. In addition, as stated, you won't get $11,500 for a base Cobalt. Closer to $10K....Show more
Randa Hessell: It's not your car.It belongs to the company that has financed the vehicle.So, if you feel like selling their car, sure you can sell it at any price yo! u want.And you will have to pay the difference, before the title can be transferred to the new owner.Very few buyers will want to wait around while you pay off the title, also. What happens if you don't have the money? They can lose the car. And they WILL sue you.As far as the KBB value, that has NOTHING to do with the actual value of your car....For a 2009 Cobalt, used....expect around 9k....Show more
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