selling car
05-23-2009, 12:10 PM
#1
Three Wheelin'
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selling car
i have a 2008 honda civic si and i have a 5 year contract with honda finacnce. Well i have paid about 9 months worth so far.
i need to get rid of the car to get a bigger vehicle. I have never tried to sell a car while i still had payments going on. always had a pink slip.
my question is how do i sell the si to another party while the contract is going on? last time i called honda finance and asked them if i could re-do the contract under someone eles name and they said they can not do that.
how do people sell thier cars to another while they have a contract with a dealer?
i need to get rid of the car to get a bigger vehicle. I have never tried to sell a car while i still had payments going on. always had a pink slip.
my question is how do i sell the si to another party while the contract is going on? last time i called honda finance and asked them if i could re-do the contract under someone eles name and they said they can not do that.
how do people sell thier cars to another while they have a contract with a dealer?
05-23-2009, 12:24 PM
#2
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Check CarTalk at: https://acurazine.com/forums/forumdi...ysprune=&f=5-- there have been a couple of threads on this in the past six months or so.
AHFC reputedly will not let someone assume a contract, so it has to be paid off by the buyer/buyer's finance co.
G/L.
AHFC reputedly will not let someone assume a contract, so it has to be paid off by the buyer/buyer's finance co.
G/L.
05-23-2009, 12:25 PM
#3
GEEZER
Buried.
05-23-2009, 07:29 PM
#4
There are 2 ways. Way #1 - You as the owner can buy out the car so you can get the title, this way will be much simpler for you and you'll be able to find a buyer quicker.
Way #2 The buyer or their bank pays Honda the amount you owe, then they get the title and assume ownership of the car.
When I bought my TL-S the seller still owed $23,500. In order to make things simpler they did way #1. It also made for a quicker transaction
Way #2 The buyer or their bank pays Honda the amount you owe, then they get the title and assume ownership of the car.
When I bought my TL-S the seller still owed $23,500. In order to make things simpler they did way #1. It also made for a quicker transaction
05-24-2009, 01:29 AM
#6
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Some desire to keep a larger cash reserve in case of emergencies rather than dropping $25K immediately.
Others might have the cash tied up in some investment which couldn't be accessed at the time of the original purchase.
Also, for some, cash might have become available in the interim after the original loan (due to a bonus, inheritance, completed drug deal, lottery win
).
05-24-2009, 08:08 AM
#7
GEEZER
I still say he is buried.
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You mean financially overextended?
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