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Is this fair/car question?????
Example:
You are still making payments on a car and you don't want it to be repo'd so you want to let someone take over the payments. However, you also want money for the car. So you want to sell it and pocket some cash and let them take over the payments even though you don't own it. Is this fair?
6 Answers
- cartiphilusLv 41 decade ago
You'll have to inform the lien holder of your intentions. Yes, you could probably find someone who would be willing to pay you a small amount for the car and take over the payments, but the lien holder would probably want to pull the credit history of the prospective buyer to see if the person could handle the debt and make the payments on time.
- ?Lv 51 decade ago
I don't think you should expect to be paid for a car if the person is taking over payments. However, if the person is ok with paying you a little bit then it is fine.
- Anonymous1 decade ago
Yes it's fair providing the value of the vehicle exceeds the remaining balance you owe. If it's some kind of ford, don't expect it to happen though. Until there is one remaining payment left, that is.
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- 1 decade ago
Yeah. It sounds like a good deal. Good luck! I hope someone buys your car!
