Question about selling vehicle while financed

[JimMcC]

I'm thinking about selling our 2003 Chrysler T&C minivan, and I have a question. How do I handle the sale to a private party, since it's still financed and I don't have the title? I've never sold a vehicle before that was still financed. Thanks.

 

[gcort]

You sell it as any vehicle, take the money and pay off what is owed to finance company. They will mail title to you, (about 10days), then sign over to new owner..or just call the finance company.

 

[korsjs]

welcome to the site gcort. hope to see you around.

 

[JimMcC]

Vehicle

Gcort, who is going to buy a vehicle without getting the title right away? I don't think I would, unless I knew the person. Is that the only way?

 

[thiggin2]

Get with your finance company, I'm sure they would let you know. Legally you dont really "own" it yet so I would think you would have to let your finance company know first anyways.