Solomon Belback: Weather you like it or not, the simple answer is you won't.First off you can't sell the car as its in the bank's name. The only way you can sell is to payoff the loan and get the title in your name. Only then you can sell it and get whatever you can for that car.You could go to a Dealer for a trade. He could be willing to pay off your loan and give you a new car. But the total due on the new car to the Dealer would be Total Due = New car Price + Due on old car + InterestRemember usually you won't get lowest interest rate from the dealer unless manufacturer has discounts going on....Show more
Lyndon Mattas: Legally you cant sell it till it is paid for. The first thing you do is get a settlement figure from finance company.
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