When selling a car?

Lawanna Livsey: just balloon your loan. You loan now covers the amount of the loan for the new car and the amount of the loan for the old car. Some of it will be paid for when it is sold, but you will have to be responsible for part of it. So the answer is you will combine two loans into one.

Minh Lefrancois: After you are assured DEAL will go through like having the BUYER apply & get approval for his car loan first, then one way is you yourself would have to borrow money or get a short term loan to pay off your loan so the FINANCIAL INSTITUTION holding the car title signs it over to you. You might even have to visit your local Department of Motor Vehicles bec you need title in your name, then you can sell it to BUYER but because he/she needs to borrow money, the car title must pass to the BUYER's Financial Institution.Hope the Above Info Helps!...Show more