How does the financing work as a single seller of a car?

Asked by fpizzolo Apr 23, 2018 at 09:29 PM about the 2011 Chevrolet Camaro 1LS Coupe RWD

Question type: Car Selling & Trading In

I was ask this question from a buy and I do not know the answer. Also I would
like to know I get paid.

2 Answers

GuruWWRTQ answered 6 years ago

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.

Mark helpful

F_O_R answered 6 years ago

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.

Mark helpful

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