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Owing Money On A Car Doesn’t Eliminate Options

Can You Sell a Car if You still owe money on it?

If you’re looking to sell your car while still owing money on it, look no further than Davey Auto Sales. Our team has years of experience helping clients transition quickly and painlessly from their current situation. We know this situation can seem daunting, but we’re here to make the process as easy and stress-free as possible.

Browse some more of our highlighted blogs here:

Why You Should Trade In Your Vehicle
Can I Trade In My Car If I Have Bad Credit?
When Is The Best Time To Trade In Your Car?
How Your Break-Even Point Affects Trading In Your Car

First Steps to Take

First, you’ll need to pay off the remaining balance on your car loan before you can sell or trade in the vehicle. This means that the proceeds from the sale or trade-in will go towards paying off the loan, and you won’t receive any extra money.

Second, you’ll need to ensure that the car’s sale price or trade-in value is enough to pay off the remaining balance on the loan. If it’s not, you’ll need to come up with the difference out of your own pocket.

We Are Here to Help

At Davey Auto Sales, we can help you with this process. We can help you determine the value of your car and work with you to come up with a plan that makes sense for your situation. Additionally, if you are thinking of trading in your vehicle for another one, we can also help you with that. We can work out a trade-in deal that can help you get out of your current car loan, and put you into a new one with potentially more favorable terms.

Selling a car while still owing money on it can be done and at Davey Auto Sales, we are here to help you with the process. Contact us today, and let us help you sell your car and move on. Call us now or visit us on our website, and one of our experts will assist you with your car selling or trading process. Don’t hesitate, to take the first step with Davey Auto Sales today!

Jan 30th, 2023