Tuesday, August 9, 2011

Selling Car Private Party with Outstanding Loan?

If the buyer wishes to finance, then you will get a cashier's check, bank check, or draft from the buyer. Contact Nationwide, and tell them you have the money, and you will be electronically transferring over the money to them to pay off the loan. They will send you the title, or if they can, send it to the new owner. Buyer cannot revoke, unless there is a problem with the car, to avoid that, simply put "as is where is," on the bill of sale.

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