Quote:
Originally Posted by alantan23
Hey all,
I have a question regarding an Auto Loan that I currently have with Chase. The car isn't fully paid off yet. Is it possible to sell it to either a private party or a dealer? I've never done anything like this but I'm looking to free up some income to ease up some pressure on a house purchase. If it can be done could someone explain the process to me?
Oh and is anyone interested in a CPO 2007 e93, Space Gray on Coral Red, 6MT, < 34k Miles, with Prem, CW, Sport, Nav, and CA?? =]
Thanks guys.
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The process depends on how you want to sell it. If you want to sell it at your remaining loan amount, you can have your bank provide you with the pay off amount (amount of your loan remaining) and have the other party pay this amount to release your title to the new buyer.
OR you sell it at a higher price, pay off the remaining amount of your loan, get your title released and transfer it to the new buyer.
This is a very common process. You shouldn't have any problems.