Hi everyone
So I have a car I sill owe about $7500 on. According to Kbb, it is worth anywhere from $3-5000 if I sell privately. I have been putting any extra income towards the car, about $400 a month I make from a side job. I have a good relationship with Navy Federal and I am rebuilding as well. I hope to qualify for an auto loan maybe in the fall.
My question is this: If I sell the car privately for say $3500, and I still owe say $1500 after selling and applying that $3500 to the principle, will people be okay if say I have to have the title sent to them or something? Either if I rolled over the remaining amount or paid it off. Can I sell the car still without the title in hand.
I hope that makes sense. Thanks for your help!
