How does the financing work as a single seller of a car?
2 Answers
If you owe money on vehicle and they are getting a loan. Contact your bank and inform them of amount of sale, their bank will call your bank for pay off amount, their bank will pay bank off with remainder going into your account. Then their bank gets title from your bank. Or that's how it works in small town anywhere, don't know about big city.
Tell the buyer to get their own financing. Your bank will not release the title until you pay it off so do the transaction at your lender if you have one.