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How Do You Sell A Financed Car To A Dealer?

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Selling a financed car to a dealer is necessary in several situations. If you simply do not need the vehicle and want to sell it quickly, the dealership will make a cash offer to purchase your vehicle. You may also sell your financed car to the dealership as part of a new or used vehicle transaction, in which you are trading your vehicle. When you trade a financed car to the dealership, you are effectively selling the vehicle to the dealer, so the process is the same as selling a vehicle to the dealer outright. Find out how much you owe on the car. Call your finance company to get your loan payoff amount. When you call, they will provide a ten-day payoff, meaning the amount quoted is valid for ten days, after which per-diem finance charges will be charged for each additional day the loan remains unpaid. Visit local dealerships. When you visit, have the used car manager or the used car buyer look at the vehicle you want to sell. They may take the vehicle on a short test drive or look ... more
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