Help me sell my car!
July 7, 2011 3:10 PM Subscribe
How to sell my car? I just moved from VA to CA and want to sell my car that still has a loan on it (though it should sell for substantially more than I owe)... how does that work?
posted by alaijmw to Work & Money (9 answers total)
I've never sold a car, so I'm pretty completely dumb on the subject but have a few specific questions:
1. Do I need to register it in Cali first? It is an '09 Toyota, so I assume it meets any environmental regulations out here... but do I have to go and get it registered before I sell it? If it isn't required, would it help?
2. How does the actual sale happen since I owe money and the bank has the title?
3. How do you make sure you don't get ripped off? My guess for #2 is that they pay the bank directly, not me... so would they send a check/electronic deposit to the bank and then the bank would tell me everything was good and I'd hand over the keys?
I'm sure there are other things I should know... so if you have any other advice, I'm happy to hear it!