How to sell my car that I'm still making payments on?

  • Thread starter Thread starter Snowboarder4784
  • Start date Start date
S

Snowboarder4784

Guest
About a year ago I bought a 2005 Nissan Altima, put very little money down, and financed the rest. Now, I'm looking to sell the car because I don't really need it and would like to save some money. If I sold it now, I could probably just about break even with what I would sell it for versus what I still owe on it. Since my lender has the title to the car, and I can't receive that until I pay off the entire loan, how do I go about selling the car since I don't have title in hand? If I sold the car, can I just take that money, pay off the loan, and have them send the title to the new owner? This is putting a lot of faith and trust in both myself the the prospective buyer. What's the best way to go about this?

Thanks for your answers, much appreciated.
 
Back
Top