Selling my financed car, how do I take payment?
So since my car is financed I have to make the payoff price before I can get the title... Do I just take a check from the person to the finance company and then wait until the title comes in to give it to them? Should they make the check to me and then i deposit it then I pay off the finance company?
Public Comments
- Go to your financial institution with the buyer and see if you can do a transfer of payments so that they bill that person now, not you. If you also want some cash up front for the car, create an agreement of payment between you and the buyer
- Go in person to the lender. Do not accept a cashiers check from the buyer. Get cash. Even if you have to go with the buyer to his bank..
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