Is it possible to sell a financed car?

Answers.com > Wiki Answers > Categories > Cars & Vehicles > Car Selling > Is it possible to sell a financed car?
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Yes, it is a little bit of a pain to the buyer, but if the deal is right then it will sell. When you find a buyer, get the money and use it to pay off the loan (you may have to put some of your own money into the loan if you don't sell it for enough to cover it). Give them a dated bill of sale, but don't hand over the keys until you have a title to sign over. You are liable for the car and everyone in it until that time. Then you have to wait until the title comes to you in the mail. Once it comes, you can sign it over and give the buyer the keys.

First answer by Lkysmy. Last edit by Lkysmy. Contributor trust: 1397 [recommend contributorrecommended]. Question popularity: 19 [recommend question].

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