can I still sell my car if I still owe money on it

Asked by Apr 03, 2014 at 10:15 AM about the 2005 Hyundai Sonata V6 GLS FWD

Question type: General

my wife lost her job due to the economy and the 200.00 a month payment is hurting my budget now, I owe about 4000.00.the blue book is around 5100 with the low miles and excellent condition.

1 Answer

115,935

Yes you can sell your car, but it takes a little effort to do so. First you have to find someone that has the cash on hand so you and that person can both go down to the place it is financed through, so they can pay it off and they get the title right then and there, or find some one willing to take over the payments, again you and that person will have to go where it it financed to do this, or find a car dealer that will buy it, but that looks doubtful as you owe more than they will want to pay for it.

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