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Old 06-13-2011, 06:08 PM
 
3,124 posts, read 4,743,239 times
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You have to find a qualified buyer, but you know you can sell it private party, correct?

And that the private party can get financing, correct?

I sold a second car in October. It took a while of running ads. The buyer had to get financing from her credit union. I still owed on the car. I took it down to her credit union, they took a look at it, gave her the loan, sent a wire to my credit union to pay off her loan, she paid me the balance in cash(her credit union would only loan up to my outstanding loan balance).

I got about $2500 more than carmax offered.
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Old 06-13-2011, 08:39 PM
 
2,038 posts, read 2,440,095 times
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Originally Posted by JohnG72 View Post
You have to find a qualified buyer, but you know you can sell it private party, correct?

And that the private party can get financing, correct?

I sold a second car in October. It took a while of running ads. The buyer had to get financing from her credit union. I still owed on the car. I took it down to her credit union, they took a look at it, gave her the loan, sent a wire to my credit union to pay off her loan, she paid me the balance in cash(her credit union would only loan up to my outstanding loan balance).

I got about $2500 more than carmax offered.
Of course I do. But the time involved is a luxury this person can't afford.

I wish it were my car to sell...it would be as you describe.
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