In the meantime... if I decide to sell this bugger, does anyone have any experience in selling a car that you're still making payments on? I assume there's a way of transferring financing, but I'm not familiar with the mechanics.
It depends on the circumstances, actually. If you trade the car in with a dealer, the financing on your new car will include the "payoff" on your trade-in that is above the credit the dealer is giving you. If you are selling it privately, your best bet is to sell it for what you owe and directly pay off your car note. The buying party can worry about the financing at his or her end.
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Date: 2005-11-14 04:02 pm (UTC)It depends on the circumstances, actually. If you trade the car in with a dealer, the financing on your new car will include the "payoff" on your trade-in that is above the credit the dealer is giving you. If you are selling it privately, your best bet is to sell it for what you owe and directly pay off your car note. The buying party can worry about the financing at his or her end.