• #4885
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    By: eonix x Show Full Post
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    Car selling / financing question: Back in '05 I bought a brand new 2005 Honda Civic SE Coupe. I've been financing it ever since and have about 10k left on payments. My fiance and I are flirting with the idea of selling it but I've no idea what that entails when the car isn't completely owned.

    Would we sell it back to the dealer for them to sell? Take the money from the sale of the car and pay off the rest of the loan?

    Anyone with the know how.. hook a shacker up!
    Apr 30, 2008 4:32pm PDT
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    Car selling / financing question: Back in '05 I bought a brand new 2005 Honda Civic SE Coupe. I've been ... : eonix

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    • You can sell it to whoever you want. If you sell it to a private party, you'll take their cashiers check... : riptydeThis person is cool!
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      dealer's don't buy back cars, you could trade it in, but probably wouldn't get max dollar for it. Find o... : PapaBooThis person is cool!
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        bleh, apparently my 06 taurus sel is only worth 11k : Dravenport
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          lol taurus (they don't hold their value at all, but who am I to talk, I drive a dodge, why did I put all ... : PapaBooThis person is cool!
          • it was my dads company car, so i got it for way below retail : Dravenport
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      Whats the bluebook on that car? : Q-ballThis person is cool!
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        Uh, what? Sorry its my first car and I'm not really knowledgeable about car related things :( : eonix
        • bluebook = KBB.com = Kelley Blue Book, the sort of unofficial official book on what used cars are suppose... : xsoulbrothaxThis person is cool!
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      holy crap, you still owe $10k?!?!? That seems like a lot. : FormerHPB
      • low payments + high interest rate probably : PapaBooThis person is cool!
      • Yeah it is. I bought an 05 Civic at the end of 05 with only $2k down and only financed it for 36 months a... : angrytaxmanThis person is cool!
    • Either sell it yourself... or if you want a new car trade it in and any difference between your trade val... : Dave-A
    • do you have to charge sales tax when you sell it? : MagicWishMonkey