So I want to sell a financed car...is this pretty simple? Find a buyer and we both go to the credit union that has my title?
How about dealerships? I know they will lowball me but I need them as an option since I want to finance another car.
Any siggestions or advice?
Great info. Now the hard part..what if I want to finance a car across the country (I'm in CA, car is NJ) and its a private seller?
Why would you want to do that? If it's a special circumstance/car, private message me. I've heard about going out of state on a car purchase, I almost always do, but not coasts haha. 
Know anybody in NJ? You can technically do it pretty easily. BUT, here's the big but, it's hard not to get scammed.
Private party car sales are FULL of scams. I recently sold a car PP, and trust me for every 1 legit inquiry I got, I got 10 fake ones. By the end of it, my scam smelling radar was FINE-TUNED. And no, some of the scam emails had perfect English, so it wasn't just their English.
If you were dealing with a large corporation, here's how it'd go: they'd fax you the buyers order and bill of sale, etc... You'd give that to your finance company and send the dealer/corp a signed copy back. Your finance co would send them a check. The seller would put your finance co as the lien holder, you as owner, and send the title in. You'd arrange for a car shipper to go pick up the car. The prior owner would turn over posession to the shipper. In a week or two or three, your car would arrive.
Obviously the key here is trust. See that prior owner has to actually turn over posession and the title. Maybe if your bank has branches in both places this can hypothetically work? Still though this is tough with a private seller. Heck how would you look the car over? Anyone have more experience?
@Remember0 wrote:Why would you want to do that? If it's a special circumstance/car, private message me. I've heard about going out of state on a car purchase, I almost always do, but not coasts haha.
Know anybody in NJ? You can technically do it pretty easily. BUT, here's the big but, it's hard not to get scammed.
Private party car sales are FULL of scams. I recently sold a car PP, and trust me for every 1 legit inquiry I got, I got 10 fake ones. By the end of it, my scam smelling radar was FINE-TUNED. And no, some of the scam emails had perfect English, so it wasn't just their English.
If you were dealing with a large corporation, here's how it'd go: they'd fax you the buyers order and bill of sale, etc... You'd give that to your finance company and send the dealer/corp a signed copy back. Your finance co would send them a check. The seller would put your finance co as the lien holder, you as owner, and send the title in. You'd arrange for a car shipper to go pick up the car. The prior owner would turn over posession to the shipper. In a week or two or three, your car would arrive.
Obviously the key here is trust. See that prior owner has to actually turn over posession and the title. Maybe if your bank has branches in both places this can hypothetically work? Still though this is tough with a private seller. Heck how would you look the car over? Anyone have more experience?
Yeah I hear ya. The ad is on Autotrader so I assume it's legit on the surface. The right thing to do would be to fly over and check it out first. And the bad news is my CU is only in CA..
Such a doozy because it's one of those those rare cars. Not too rare, but exactly the spec's I'm looking for at the price I want, and it just happens to be on the East Coast. I wonder if they can give me a cashier's check or some sort of blank check to give to the guy, and he has to trust that its legit. AHHH!
I suppose I have connects on the East Coast, but it would just be a hassle!
Hmmm. There's one in my area that doesn't have pictures up yet lol. I guess that one is ideal..I should probably aim for that. It's an older model though..06 vs 08..
have you ever financed two cars at the same time?
