Question regarding selling a ram you still owe money on
#1
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I have an 02 ram 1500 im selling. I am asking 6,200 but I owe like 9,000 on it. If I find a buyer thenI will pay the remaining balance so I can free the tittle from the bank; then I would transfer the tittle over to the new owner. BUT all buyers are skeptical because they don't want to fish over cash and not have a tittle in hand. Is there any way around this where both parties can do the transaction worry free? I also don't want the buyer to change their mind after making the purchase during the whole period we are waiting for the tittle to come; it would just complicate things if they "found something wrong" with the car down the line. Any insight would be greatly appreciated.
Last edited by Swade730; 10-22-2010 at 12:17 PM.
#2
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A girl at work just did that. They got the cash from the customer and added the remaining balance to it and sent it to the bank. All while at a notaries Office. The notary issued a Temp title to be used until the main title showed up. and the bank mailed it directly to the new owners.. Call a dealer or notary and inquire what forms are needed This was in Pa. other states may be different.
#4
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dude, i don't think I can get 9,000 for it. The average value on "worthmonkey.com" is 5,400 and kbb is like 6,000 in excellent condition...mine is in good/fair condition.
#6