Selling a car privately?

I currently have a 2000 Honda Civic sedan Value which is the one with no power windows or cruise control but it has power locks and keyless entry. It has 82,000 miles on it and its financed and I still owe $7924 on it. I have looked at trading it and they only willing to give me $5500 for trade then carry the negative to the new car and I know I dont wanna do that. I have looked in local newspapers and online and cars similar to this with WAYYY more miles are selling for $10 and $11 Thousand dollars, so I think I can get this much for mine. How do I go about selling it? I know I will have to pay the loan off with what I sell it for and then keep the rest..but will I take the money to the loan company and then they will send titile? how does all the paperwork with selling privately work? Please help I wanna do this within the next month or so.

Selling a car privately?

Your Kelley Blue Book (www.kbb.com) value for a private sale is only around $7,000 so there is no way anyone is going to give you $10,000 or $11,000 for something worth only $7,000. Of course, there%26#039;s %26quot;A sucker born every minute%26quot; so who knows.

Selling a car privately?

You can put the car in the newspaper or bargin trader..Bargin trader is best you pay one fee untill sold...They even come out and take the picture for you.. Then once you get a buyer you have to go to the bank that you have the loan with and pay it off. you write out a bill of sale to the buyer and then when you get the title you can sign it over but some banks have the title there so you might beable to get it from them so you can give it right to the buyer..

Selling a car privately?

You need to be upfront with people when they look at the car and explain to them what you are doing. As far as putting it up for sale, I%26#039;m certain that you can get a price comparable to the ones you see for sale in the paper and online.

When someone agrees to buy the car, you need to take them to your bank. Your bank has the title because they are the lienholder. Once your buyer gives you the price you ask, you pay off the loan and have the bank release the lien. From here you have to assign the title to the buyer. You need to make sure your buyer is unaware of the amount that you are paying off versus the amount he or she is paying for the car. If they know what you owe, they will try to buy the car for the balance due on your loan.

Your bank should actually help you with all this.

Talk to your loan officer about it.

Good luck

Selling a car privately?

I sold a car privately, but I paid it off before I sold it. After I paid it off the financing company sent me the title (about 3 or so weeks later). When I sold the car (2 years later), I had to go to the tag agency with the buyer and fill out paperwork showing that the car was sold. After we filled out the paperwork, I turned over the title to the buyer and I cancelled the tag and provided it to the agency representative. The buyer purchased his own tag.

Your best bet is to call the closest tag agency and advise them of what you%26#039;re doing. I%26#039;m sure they can tell you exactly what you need to know as it relates to the title and tag.

Good luck!