Subject	He would probably end up losing money going that route
Posted by	NytWolf on January 30, 2004 at 11:03 AM
	This message has been viewed 28 times.
In Reply To	Easiest thing to do, IMHO >> posted by Greg (Dallas) on January 30, 2004 at 10:58 AM
Message	:Get an unsecured loan from a local bank to pay off the car. Unsecured loans are difficult to qualify for as it is, unless you have substantial credit. With an outstanding car loan, that makes it even harder if there is no collateral. Once you get the unsecured loan, its interest rate would still be high even with today's low interest rates. And finally, once the buyer pays him, he will be charged a penalty for paying off the loan early (if he chooses to go that route). Either way, he is out at least the interest.
Follow Ups	How do you sell a car to a private party when you - MikeH(Twin GT35BB Incon Z) 10:37:40 01/30/04 I think you need to pay off the lean holder first before>> - Cap927 (hibernating Z) 10:44:44 01/30/04 If I could pay it off I would. Catch -22 (n/m) - MikeH(Twin GT35BB Incon Z) 10:46:20 01/30/04 Just write a check. (n/m) - SactoTodd 10:47:55 01/30/04 well if the buyer trust you enough they could give you the > - Cap927 (hibernating Z) 10:50:14 01/30/04 I did that when I sold the Supra. No problems. (n/m) - Greg (Dallas) 10:56:27 01/30/04 3rd... same thing with my last car... - Longhorn20 11:04:56 01/30/04 that's more less what i was saying, but not many people - takirb 11:05:18 01/30/04 Call your bank perhaps? (n/m) - BigTDogg (MA) 10:52:17 01/30/04 I owe 20K on it . Hard for me to pay off. (n/m) - MikeH(Twin GT35BB Incon Z) 10:47:55 01/30/04 you could work out an arrangement with the lean holder - takirb 10:49:36 01/30/04 Re: you could work out an arrangement with the lean holder - SactoTodd 10:51:51 01/30/04 Re: Re: you could work out an arrangement with the lean holder - merlin3 10:55:49 01/30/04 "Heres your check send me the title when you get the chance" - Zluster(Hungover) 10:57:06 01/30/04 LMAO@"send it when you get the chance" (n/m) - takirb 11:06:12 01/30/04 Yuppers (n/m) - Zluster(Hungover) 11:18:59 01/30/04 it just depends on how bad the buyer wants the car. if - takirb 11:14:24 01/30/04 Personally, I would never do that as a buyer. - SooperZ95 10:56:01 01/30/04 If the new buyer goes through a loan process, the new lean - unluky 10:55:22 01/30/04 Easiest thing to do, IMHO >> - Greg (Dallas) 10:58:26 01/30/04 He would probably end up losing money going that route - NytWolf 11:03:37 01/30/04 This is exactly what I did and had no problems >> - Greg (Dallas) 15:26:24 01/30/04 Is the LIEN holder a bank? - NytWolf 10:59:07 01/30/04 It is a lending bank out of state. (n/m) - MikeH(Twin GT35BB Incon Z) 11:01:15 01/30/04 What I would do is call the bank and ask for directions - NytWolf 11:06:32 01/30/04 lien (n/m) - boileralum 11:03:09 01/30/04 Call the lien holder; they probably answer that q daily - J.R. (phx) 11:08:12 01/30/04 yea, you know anyone looking for one? I might get a - MikeH(Twin GT35BB Incon Z) 11:22:03 01/30/04 here - chivas 11:34:14 01/30/04 That is sweet looking Benz. Can't believe the price - MikeH(Twin GT35BB Incon Z) 13:21:58 01/30/04 I know!!!! *kick self* (n/m) - chivas 08:22:48 01/31/04 Very simple... - nixit 11:13:25 01/30/04 That would depend on the buyer. Some or most might want - MikeH(Twin GT35BB Incon Z) 11:19:55 01/30/04 Have his bank wire the money to your bank. - barbiecar 11:53:18 01/30/04 When I bought my car from a seller with a lien, - yt nitram 14:18:59 01/30/04 Here is how I did it. - xybertron 19:16:55 01/30/04
Post a Followup	You cannot reply to this message because you are not logged in.