Can I sell my car if it is still financed and if I still owe on it?

I got laid off my job and I am 3 months behind on my car and I want to know if I can sell it so I can purchase a used car with no car notes

Can I sell my car if it is still financed and if I still owe on it?
No you can not. For one if you still owe on it, the person who gets the car can't get the title.


You may be able to find someone to take over the payments however, but they would have to go with you to see if they can get approved for financing.
Reply:Of course you can sell it. But in order to sell the car you have to pay off the loan. You can't transfer the title to the new owner unless the loan is paid in full.





You can use the money you get from selling the car to pay off the loan.
Reply:Yes, you can sell the car. The buyer and you must act at the same time. You all must go to the loan officer and the buyer will need to be willing to pay enough to cover the amount that is past due and any fines to catch up. If there is extra money in the sale above the pay off of the vehicle then that would be yours. The title would go to the buyer at that time from the bank. Better hurry. Three months behind you might wake up in the AM and find that the car has been reposed. The bank does not need to work with you. If they take back the car they will sell it and if they do not get enough to cover the loan they can still hold you for the difference.

fresh flower