How do i finance a used car that someone else still owes on?
I am trying to sell my car that i still owe 20000 on. I had someone offer the 20000, but they would need to finance that amount. How would this person go about getting a loan even though i currently have a loan on the car. Also, would I be able to finance another car?
Finance best answer:
Answer by J G
If you contact the finance company, they'll give a settlement figure that you can pay off upon selling the car. How the potential buyer gets the 20,000 to pay you is their problem, but you could always ring your finance company & ask if they'll provide the purchaser with finance too.
Finance
African Finance Ministers Presser
Image by International Monetary Fund
South Sudan's Minister of Finance and Economic Planning, Kosti Manibe Ngai, appears with other Arfrian Finance Ministers at a briefing for the news media on April 20, 2013 during the 2013 IMF World Bank Spring Meetings in Washington, D.C. (IMF Photo/Cliff Owen)
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