How does it work when I sell my car that I am still paying for?

Asked by Cindywillis10 Feb 23, 2020 at 04:48 PM about the 2010 Ford Ranger Sport SuperCab 4-Door

Question type: Car Selling & Trading In

How does it work when I sell my car that I am still paying for? No I do not owe
more than it’s worth. And what is CarGurus take on the sale profit?

2 Answers

F_O_R answered 5 years ago

Talk to your lender about how they would like you to proceed. CG's takes a flat fee, not a percentage.

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Luis answered 5 years ago

Sellers can absolutely sell a car if they still have a loan outstanding on it! Our partner, AUTOPAY, will be able to work with the lien holder to get the lien paid off and the title released to the buyer. While this is taking place, we recommend the buyer reaches out to their local DMV for clarification on how to proceed with temporary tags. The remainder of the process and delivery of the title can take anywhere from 4-6 weeks which is standard in most lien payoff transactions. Please reach out to us directly to user_support@cargurus.com if you jave any more question on how this process works.

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