| Vancouver Auto Chat 2016 VAC Community Head Moderator: Raid3n |
 | 
05-04-2010, 09:27 PM
|
#1 | | I don't get it
Join Date: Jun 2005 Location: 604
Posts: 440
Thanked 3 Times in 2 Posts
| wanting to sell car but still financing..
anybody with experience with this? i am still financing my car and i want to sell it. does the buyer take over the remaining finance and pay me the amount i want? or does the buyer pay me the full amount that i ask for and i use part of it to pay the rest of the payoff quote? thanks!
| 
|  | |
05-04-2010, 10:00 PM
|
#2 | | I don't get it
Join Date: Apr 2005 Location: richmond
Posts: 421
Thanked 6 Times in 5 Posts
|
buyer pay u amount u ask for -----> payoff quote = difference
__________________
back to the future!
| |
| | |
05-04-2010, 11:49 PM
|
#3 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Jan 2005 Location: Vancouver
Posts: 9,443
Thanked 3,504 Times in 1,162 Posts
|
what car are you selling?
__________________ Quote:
Originally Posted by The_AK  Or you meet some girl at the club, cum inside of her, find out shes only in grade 12, so you buy a Prada bag for her to make things right, she finds out the bag is a fake and decides to have the kid | Quote:
Originally Posted by RX_Renesis wtf did she get some bolt-on titties or what?
they look sooooooooooo much bigger than they were 2ish years ago. | Quote:
Originally Posted by nns I can't stand the sound of Mandarin either. Boo yow nee bey nee shing bo now noong gey shee mayo mayo mayo mayo mayo mayo mayo. | | 
| | |
05-05-2010, 12:27 AM
|
#4 | | I answer every Emotion with an emoticon
Join Date: Feb 2005 Location: somewhere
Posts: 7,906
Thanked 2,485 Times in 1,007 Posts
|
i think you need a letter authorizing you to sell the car because technically the car is still not yours until you pay it off.
or you can get the person to take over the financeing and ask the buyer to pay you some money back for the downpayment you made..
| |
| | |
05-05-2010, 01:37 AM
|
#5 | | I don't get it
Join Date: Jun 2005 Location: 604
Posts: 440
Thanked 3 Times in 2 Posts
|
thanks for the replies.
im selling the s2000.
hm i was thinking to meet up with the buyer at the finance company and have him get one check to payoff the quote and another check with the difference for me.
| |
| | |
05-05-2010, 07:21 PM
|
#6 | | I don't get it
Join Date: Jun 2005 Location: 604
Posts: 440
Thanked 3 Times in 2 Posts
|
Anybody else experience with this? Posted via RS Mobile | |
| | |
05-05-2010, 07:24 PM
|
#7 | | I contribute to threads in the offtopic forum
Join Date: Mar 2010 Location: richmond
Posts: 2,513
Thanked 1,352 Times in 445 Posts
| Quote:
Originally Posted by pwp type-s thanks for the replies.
im selling the s2000.
hm i was thinking to meet up with the buyer at the finance company and have him get one check to payoff the quote and another check with the difference for me. | cheque? Might want to do cash in hand so you don't get screwed Posted via RS Mobile | |
| | |
05-05-2010, 08:05 PM
|
#8 | | Willing to sell body for a few minutes on RS
Join Date: Mar 2002 Location: Victoria
Posts: 10,434
Thanked 4,807 Times in 1,767 Posts
| Quote:
Originally Posted by pwp type-s Anybody else experience with this? Posted via RS Mobile | Actually it's simple. You sell the car, buyer pays you money, then you pay off the balance on the loan.
__________________
1968 Mustang Coupe
2008.5 Mazdaspeed 3
1997 GMC Sonoma ZR2
2014 F150 5.0L XTR 4x4
A vehicle for all occasions
| |
| | |
05-06-2010, 09:48 AM
|
#9 | | I bringith the lowerballerith
Join Date: Dec 2003 Location: Vancouver
Posts: 1,118
Thanked 28 Times in 12 Posts
|
I don't think he can, because the title is not in his name. It will be under Honda Financing.
I think what people do is assume financing. Call Honda Financing or visit them, they are on No. 6 in richmond
| |
| | |
05-06-2010, 09:58 AM
|
#10 | | Willing to sell body for a few minutes on RS
Join Date: Mar 2002 Location: Victoria
Posts: 10,434
Thanked 4,807 Times in 1,767 Posts
| Quote:
Originally Posted by Nssan I don't think he can, because the title is not in his name. It will be under Honda Financing.
I think what people do is assume financing. Call Honda Financing or visit them, they are on No. 6 in richmond | Huh?
Do we have financing and leasing confused here?
__________________
1968 Mustang Coupe
2008.5 Mazdaspeed 3
1997 GMC Sonoma ZR2
2014 F150 5.0L XTR 4x4
A vehicle for all occasions
| |
| | |
05-06-2010, 10:34 AM
|
#11 | | Old School RS
Join Date: May 2004 Location: Port Moody
Posts: 4,562
Thanked 3,959 Times in 1,207 Posts
| Quote:
Originally Posted by Nssan I don't think he can, because the title is not in his name. It will be under Honda Financing.
I think what people do is assume financing. Call Honda Financing or visit them, they are on No. 6 in richmond | You are wrong. If you LEASE a car, the title is not in his name. If you FINANCE a car, the title is in your name with a lien against it. You can transfer the title all you like but there is still a lien against it.
The best way to do this is that the buyer makes out two certified cheques / bank drafts, one for the exact amount of the payout, made to Honda Finance company, one for the balance, made to the buyer. Quote:
Originally Posted by Great68 Actually it's simple. You sell the car, buyer pays you money, then you pay off the balance on the loan. | If I was the buyer, I would never agree to this - there is no guarantee that you as the seller would actually pay the money to extinguish the lien, that is why it is much safer to directly pay the finance company.
__________________
I'm old now - boring street cars and sweet race cars. | |
| | |
05-06-2010, 10:43 AM
|
#12 | | I don't get it
Join Date: Jun 2005 Location: 604
Posts: 440
Thanked 3 Times in 2 Posts
|
thanks all, i know wut to do now!
| |
| | |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts
HTML code is Off
| | |
All times are GMT -8. The time now is 03:52 PM.
|
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
The banners on the left side and below do not show for registered users!
