I posted this earlier but I think it was very lengthy and only got one, although very helpful, response. See if I can get more. I have a refinanced loan with APR of 7.75%. My original loan for the car was co-signed by my father at 10.45% APR. I want to sell my car. I have a few offers priced at 3k. 1. Can I sell the car with it being security collateral? I am not sure if the CU physically has my title or just the power to take my car if I don't pay the 120 per month. 2. If I can't legally sell the car privately with the CU being the lienholder, couldn't I just go to the credit union and have them remove the car as collateral, have them switch the loan to an unsecured signature loan, and then sell the car without having to worry about being a criminal?
