Selling a car with a car loan
I've dug through some other posts here but still slightly confused.
From what I can see, if I want to sell a car with an outstanding car loan on it, I have to pay off the entire loan first before I can sell it? Is this correct? Is there no way to use the proceeds of selling the car to pay off the loan directly? |
Re: Selling a car with a car loan
Originally Posted by ctfc
(Post 8861845)
I've dug through some other posts here but still slightly confused.
From what I can see, if I want to sell a car with an outstanding car loan on it, I have to pay off the entire loan first before I can sell it? Is this correct? Is there no way to use the proceeds of selling the car to pay off the loan directly? Simples really...well for this part of the world anyway. |
Re: Selling a car with a car loan
Originally Posted by ctfc
(Post 8861845)
I've dug through some other posts here but still slightly confused.
From what I can see, if I want to sell a car with an outstanding car loan on it, I have to pay off the entire loan first before I can sell it? Is this correct? Is there no way to use the proceeds of selling the car to pay off the loan directly? |
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