Go Back   AnandTech Forums > Social > The Garage

Forums
· Hardware and Technology
· CPUs and Overclocking
· Motherboards
· Video Cards and Graphics
· Memory and Storage
· Power Supplies
· Cases & Cooling
· SFF, Notebooks, Pre-Built/Barebones PCs
· Networking
· Peripherals
· General Hardware
· Highly Technical
· Computer Help
· Home Theater PCs
· Consumer Electronics
· Digital and Video Cameras
· Mobile Devices & Gadgets
· Audio/Video & Home Theater
· Software
· Software for Windows
· All Things Apple
· *nix Software
· Operating Systems
· Programming
· PC Gaming
· Console Gaming
· Distributed Computing
· Security
· Social
· Off Topic
· Politics and News
· Discussion Club
· Love and Relationships
· The Garage
· Health and Fitness
· Merchandise and Shopping
· For Sale/Trade
· Hot Deals with Free Stuff/Contests
· Black Friday 2013
· Forum Issues
· Technical Forum Issues
· Personal Forum Issues
· Suggestion Box
· Moderator Resources
· Moderator Discussions
   

Reply
 
Thread Tools
Old 03-30-2011, 11:28 PM   #1
vital
Platinum Member
 
Join Date: Sep 2000
Posts: 2,534
Default where to sell car that's still being financed?

I'm moving to Manhattan and need to sell my car but it's still being financed. I still owe like 19k on a lexus 2008 IS250. I'm not too concerned about the hit i'll take but I just want a fair and simple process. where should I sell it to in California? anyone done this before?
__________________
A8N-SLI Premium
Athlon64 3800+
2GB (2x1GB) Mushkin 400Mhz DDR
XFX Radeon 5770 (HD577AZNFC)
Samsung 24" 2494SW LCD
vital is offline   Reply With Quote
Old 03-31-2011, 01:33 AM   #2
Kroze
Diamond Member
 
Kroze's Avatar
 
Join Date: Apr 2001
Location: Somewhere
Posts: 4,052
Default

Me too, looking to get rid of my car and still have finance. Anyone help?
Kroze is offline   Reply With Quote
Old 03-31-2011, 05:53 AM   #3
Turin39789
Lifer
 
Turin39789's Avatar
 
Join Date: Nov 2000
Posts: 12,211
Default

craigslist?

We bought my wifes car from someone who still had a loan on it, the seller just had to contact his lienholder and they sent over some paperwork to release the title and with his loan payoff amount. Our bank cut two checks for our loan, one for the seller and one for his bank to pay off the loan.
__________________
Harvey -
And Whos's Watching Over Who's Watching Over You?
Tell me, who's telling who's telling you what to do what to do?

"Everything secret degenerates, even the administration of justice; nothing is safe that does not show how it can bear discussion and publicity." –Lord Acton
Turin39789 is offline   Reply With Quote
Old 03-31-2011, 07:56 AM   #4
Elganja
Golden Member
 
Elganja's Avatar
 
Join Date: May 2007
Location: Northen VA
Posts: 1,844
Default

carmax or trade in at any dealership
__________________
2014 Pearl White Nissan GTR Black Edition (Stock Turbo FBO), Baker Performance Built, Ben Linney Tuned
--9.955 @ 138.29mph on e85 (on my first time out, long ways to go)
--10.025 @ 135.12mph on 93 Octane (All Time World Record Holder)
2007 Creme Brulee Ford Edge
i7 990x @ 4.5GHz on water
Elganja is offline   Reply With Quote
Old 03-31-2011, 08:00 AM   #5
NAC
Senior Member
 
Join Date: Dec 2000
Posts: 855
Default

You can sell it privately to a motivated buyer. I might be remembering some of this incorrectly, but for my last car, I signed a contract for the car stipulating that he should pay off his loan, gave him the money and took the car and the transferred title which still had a lean on it. He paid off his loan, and the loaning bank then sent a letter that the lean had been removed.

If you don’t want the hassle or to spend the time, I’m pretty sure you can sell it at almost any used car or most new car dealership. They handle it all the time. Of course, you likely wont get as much $$$.
NAC is offline   Reply With Quote
Old 03-31-2011, 08:00 AM   #6
spaceman
Lifer
 
spaceman's Avatar
 
Join Date: Dec 2000
Location: The Berkshires
Posts: 17,190
Default

locate where title is being held
call title place make sure u can get release with payoff
list for sale
meet buyer at lienholder place
buyer satisfies lien
either u or buyer cuts check for remainder
lien holder release title to you
u sign title to purchaser
it takes some level of trust
but its done every day
just bc u owe on it doesnt mean u cant sell it.
spaceman is offline   Reply With Quote
Old 03-31-2011, 08:01 AM   #7
NAC
Senior Member
 
Join Date: Dec 2000
Posts: 855
Default

Oh yeah, I remember now, I also went to a mailbox with him, and mailed the check to his bank to payoff the balance of his loan along with my information for the bank to send me the letter.
NAC is offline   Reply With Quote
Old 03-31-2011, 10:51 AM   #8
SarcasticDwarf
Diamond Member
 
Join Date: Jun 2001
Posts: 9,576
Default

I purchased a financed car from a private party a few weeks ago where I was also financing the purchase. The bank (Chase) handled everything, and we both went in and signed all the paperwork at once.
SarcasticDwarf is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 04:21 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.