- Messages
- 2,540
- Reactions
- 1,593
Silly question probably...
So I'm doing the Dave Ramsey thing, and as part of that I'm going to sell my car (on which I have a loan). I'm just not sure how the logistics work.
For example, lets say I owe $13k on the car and I sell it for $16k. Do I take a cashier's check? Meet the person at the bank to get funds? I can't provide title until the loan is paid off, so how do I guarantee the buyer that I will follow through and get him the title after sale? Does he just hand over $16k, take the car and wait for the finance company to send me the title so I can sign it and send it to him?
Any help would be greatly appreciated.
Greg
So I'm doing the Dave Ramsey thing, and as part of that I'm going to sell my car (on which I have a loan). I'm just not sure how the logistics work.
For example, lets say I owe $13k on the car and I sell it for $16k. Do I take a cashier's check? Meet the person at the bank to get funds? I can't provide title until the loan is paid off, so how do I guarantee the buyer that I will follow through and get him the title after sale? Does he just hand over $16k, take the car and wait for the finance company to send me the title so I can sign it and send it to him?
Any help would be greatly appreciated.
Greg