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Justin Pritchard

Sell a Car with a Loan?

By , About.com GuideSeptember 20, 2011

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You want to sell your car, but you still owe money -- you might even owe more than it's worth. What can you do?

It's possible to get rid of the thing while the loan still exists, but it's much easier to pay the loan off first. If you don't have funds to repay the loan, you'll have to figure out how to get a clear title into a buyer's hands.

In most cases, you'll unwind the loan as part of the sales process. However, it may be possible to sell with the loan in place (especially if you have a very accommodating buyer).

Read more and learn what you can do when you're trying to sell a car with a loan attached.

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