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I Need To Sell My Truck
Quid
Definitely not a bananaRegistered User regular
Definitely not a bananaRegistered User regular
So now that I live only a few blocks from my school, my next job only allowing for one vehicle to be shipped to Hawaii, and overall high gas prices I've decided to sell my truck while my wife and I use just her car exclusively.
That said, I have no idea how to go about this. It's an '07 Ford Ranger and the bank I got the loan on still holds the title. It's my understanding that I won't get the title until the loan is paid off. So how do I make sure that, if I don't get enough money from the other party to pay it off completely, that the truck goes under their name?
Also, any tips on upping the value a little? I'd like to get at least the loan value (About 11k.) I already plan on thoroughly cleaning the interior and exterior of the vehicle and asking for more than I actually want to allow for haggling, but is there anything else I can do to make sure I get enough?
That said, I have no idea how to go about this. It's an '07 Ford Ranger and the bank I got the loan on still holds the title. It's my understanding that I won't get the title until the loan is paid off. So how do I make sure that, if I don't get enough money from the other party to pay it off completely, that the truck goes under their name?
Also, any tips on upping the value a little? I'd like to get at least the loan value (About 11k.) I already plan on thoroughly cleaning the interior and exterior of the vehicle and asking for more than I actually want to allow for haggling, but is there anything else I can do to make sure I get enough?
Quid on
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I recently had a similar situation, however i'm in Australia so i dont know if it would be the same process. Basically, i owed 10k on my car, and was selling it for 15k. The guy buying the car needed to make a cheque out to my bank for the 10k, and another to me for 5k. I deposited the cheques, once they cleared the bank sent me the title, i gave it to the guy along with the car & other relevant paperwork. In your case i'd assume you'd do the same except you'd need to provide the loan balance to your bank out of your own pocket.
Although this may be obvious, a good cleaning in and out of the vehicle always helps. What I found worked for me in selling two of my cars was taking a day of my time to clean the hell out of my engine. I took out the plastic pieces and cleaned them, air cleaned a lot of stuff etc.
And as for getting the best value I would say look up prices in your area, and get the KBB value and go from there.
If you want the most for your car, sell it outright on your own (not through a dealer)
Hope this helped