Selling a vehicle?

[steved]

How do you sell a vehicle to an individual that you are making payments on?



I'm considering moving to a 1st generation truck, but I need to get out of the current one...



I would assume the buyer would need to get a loan for the remaining amount of the truck (or at least part of it)?



Ideas?

 

[KevinSmith]

New Car Prices | Used Car Values - Official Kelley Blue Book Site The best way to answer your questions would be to contact you lender and ask them what to do. They deal with this dayly so it should be pretty straightforward.

 

[Skydiver]

Just get the buyers certified funds and take the funds to your bank. They might not have your title on hand. The title could be at their corporate head quarters. Then when you get it sign the title over to the new owner. Be very sure to sign in the correct place. Major headache if you mess up a title.

 

[bmoeller]

I bought my Ram that way. Was able to talk them down a little bit from what they were asking, but was more than they still had on the note (they had the truck less than a yr). Got the truck for about $3-4k less than I was seeing everyone else selling them for.

Got my own loan, and got the check. Met the seller at their bank with the check, and got everything switched to me. Their bank sent the title to my bank, til I got my note paid.