Can you sell a financed car to a dealership. You may also sell your financed car to the dealership as part of a new or used vehicle transaction in which you are trading your vehicle.
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You may also sell your financed car to the dealership as part of a new or used vehicle transaction in which you are trading your vehicle.
Can i sell a financed car to a dealership. It will be slightly easier if you own the vehicle free and clear but you have several options when it comes to selling a financed vehicle. Fortunately its a common transaction people do it every day. Find a used car for sale near you.
When you trade a financed car to the dealership you are effectively selling the vehicle to the dealer so the process is the same as selling a vehicle to the dealer outright. If you simply do not need the vehicle and want to sell it quickly the dealership will make a cash offer to purchase your vehicle. They simply will not pay you as much for the car as an individual will.
If you have more car than you can afford. A leveraged lease is a lease agreement that is financed through the lessor. Some dealers will purchase cars from private parties even if those parties dont buy a car through the dealer.
Selling a car can be a complicated process and its even more intimidating if you still owe money on the vehicle youre selling. Selling a financed car to a dealer is necessary in several situations. Another good option is to sell your car and pay off the debt.
Before you head down to your local dealer to sell your car we have a few pointers. Another option is to simply sell your car to a dealer.