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Sell a car when you owe money

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Old Feb 12, 2007 | 12:31 AM
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Default Sell a car when you owe money

How do you sell a car (private party) when you are financed by Nissan motor and they have ure pink slip?
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Old Feb 12, 2007 | 12:35 AM
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Have whoever it is buying it from you send Nissan the check, then you sihn the title over to them!

It also depends on how much you owe. Can you be more specific as in what you owe, how much you are selling it for, ect?
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Old Feb 12, 2007 | 04:36 AM
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I know when I sold my RSX is was a huge PITA. I had to get the buyer to give me a check, which I had to let clear in my account so that I could write a check in my name, which I had to send to American Honda Finance, who sent me the title that I had to then register in my own name with my state, before I could sign it over to him. Needless to say he was pretty p*ssed as he didn't get the car until 2 weeks after he handed me the check.
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Old Feb 12, 2007 | 06:51 AM
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I guess it depends who it's financed through. I went through a local credit union and I still owed $6000 on my last car. I simply had the buyer get a cashiers check made out to my credit union for the amount I was asking for the car. I took the check to the back and brought the title back with me to give to the buyer. I handed over the keys and went to buy my Z. It's helps to finance in town so you dont have to wait for things to be mailed in/out. It's all there. Anyways, hope I helped.
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Old Feb 12, 2007 | 06:57 AM
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Generally, you cannot sell a car with a lien. Your name is on the title, but so is the lien holder. Before you can assign the title to a new owner, the lien holder must be cleared (essentially paid off).
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Old Feb 12, 2007 | 08:54 AM
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that blows. what if u can sell it for more than u owe.
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Old Feb 12, 2007 | 09:20 AM
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I did sell it for more than I owed. The buyer never sees how much you owe on the car. The problem is just finding a buyer that's willing to wait through all of the cr*p to get it.
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Old Feb 14, 2007 | 02:36 PM
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Originally Posted by jondimellow
that blows. what if u can sell it for more than u owe.
Then you make money

Pay off the car. Get the title. Transfer title to the new owner. Call Nissan Finance and have them walk you thru the process.
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