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selling car privately?

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Old Jun 8, 2003 | 05:12 PM
  #1  
wags528's Avatar
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From: Philadelphia
selling car privately?

I'm thinking about selling my car - How does this work, since I currently don't have the title to the car (mitsubishi does because my loan is not paid off)? - If I sell it to someone, I need to sign over the title? . . . right? . . . but I wouldnt get the title until I paid off the loan after I got the money for it . . .?. . Im not sure how all this works and Im looking to you guys for some help in explaining it to me . . .thanks . .
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Old Jun 10, 2003 | 09:18 AM
  #2  
OZ-RACING's Avatar
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From: can,qc
Ok dude , its simple , before all , if u have lease the car , u have 2 choice . first, sell the car for all the money for paid off the car (remember , the risidual is plus taxes beacause the taxes u pay them per month) and then u give the money back ! (u have to pay all ur pay off otherwise u cant sell the car). second, calculate
how mutch month u have left before returning the car , then pay it now and return the car (ex: u have 6 month left at 500$ per month, 6*500$ = 3000$ u pay that and returne the car). another solution is to transfer ur lease to someone.(this is the best think i tink). this is how a lease work in canada im a sealesperson for gm. sorry for my poor english !! if u have another question im there !
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Old Jun 10, 2003 | 09:41 AM
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From: South Jersey
I can't even read that.

Anyhow, you'd have to sell the car for however much you can get for it and pay off the financing (which is what it sounds like you did) and then you get the title, you sign the car over when that happens.
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