Car repo

Is there anyway you can sell it before it would be repoed? That might be your only option.

How can you sell a car that you owe on when you don't have the title? Usually the bank or whoever loaned the money for the car holds the title til paid off. And after the car is paid off, it takes a few days to get the title, not many buyers would go for that. :) or would they?

I would think you could sell it and then sign the title over to whoever bought it. Thats just a thought. Check with the DMV on that one. KYSIDE38

Unfortunatly, there is little you can do. The only real chance is see if another dealer will pay the loan for a lower payment vehicle. If you allow a repo they will sell it way under value and be resposible for intrest on the full term plus $500+ repo fees!

I traded in mustang for a cheaper older car where I didn't have car payments on. I didn't care at least I didn't have to worry about the car payments anymore.

Contact the bank and tell them you want to sell the car. If you owe more on the car than what you can sell it for you need to find out from the bank if they will give you a signature loan for the difference. If they repo the car they are doing this anyway by force since you will be responsible for the difference of the loan and what the sell the car for accept they usually auction the car for way less than what you could have sold it for. Once you are approved for a loan on the difference find a buyer and make the transaction at the bank if you can. The bank should be able to fill you in on any other steps that might need to be taken. Make sure they buyer knows all the steps the bank is requiring prior to closing on the sale. Banks will repo cars if payments are 2 months late so make sure you keep current on the payment until you sell the car.