A Simple Step‑by‑Step Guide from CashNCarryParts
Selling a car is usually easy—until you realize you still have a loan. Suddenly you ask: Can I sell a financed car? What happens to the loan? Who handles the title?
At CashNCarryParts, we’ve helped thousands of people in exactly this situation. Whether your car is paid off, upside-down, or barely drivable, we make selling smooth and stress-free.
Yes, you can sell a financed car. You just need to work with your lender to pay off the remaining loan balance before the title can be transferred.
“Financing doesn’t mean you’re stuck — explore every possible option in The Ultimate Guide to Getting the Best Value for Your Junk Car for Sale.”
Article Outline
Can I Sell a Financed Car?
Yes! But lenders usually hold the lien on the title. To transfer ownership legally, you must complete the loan payoff so the lien can be released.
Step 1: Get Your Payoff Amount
Contact your lending company and request a payoff statement—this includes remaining balance, daily interest, and any early-close fees.
Pro Tip: Ask for a 10-day payoff quote to avoid surprises from accumulating interest.
Step 2: Find Your Car’s Current Value
Use tools like Kelley Blue Book, Edmunds, or NADA Guides to estimate your car’s resale value.
- If value > payoff → positive equity
- If value < payoff → negative equity (you’ll owe the difference)
Step 3: Choose Where to Sell?
Dealerships: Handle paperwork and loans, but often pay less.
Private Buyer: Usually gets more, but is complex.
CashNCarryParts: We handle liens, pick up your car, and give fast cash—no hassle.
Step 4: Handle the Loan Payoff
Two ways:
- Buyer pays lender directly
- You pay lender, then get title and sell
At CashNCarryParts, we often work straight with your lender so you don’t need to pay. We pick up your car and pay you the difference right away.
Step 5: Transfer Ownership
After payoff:
- Lien is released
- Sign over title
- Provide bill of sale
- Remove license plates
- Cancel insurance
Always follow your local DMV steps.
Handling Negative Equity
If you owe more than your car’s worth:
- Pay the difference upfront
- Roll remaining debt into a new car loan
- Sell to us—we help you through the process
Why Sell to CashNCarryParts?
Whether your car runs or not, financed or upside-down, we offer:
- ✅ Instant cash offers
- ✅ Free local pickup
- ✅ Lien payoff support
- ✅ On-the-spot payment
- ✅ No pressure or hidden fees
Conclusion
Selling a car that’s still financed doesn’t have to be complicated. With the right steps—or with our help at CashNCarryParts—you can close the loan, transfer the title, and walk away with cash in hand. We make it fast, fair, and hassle-free!
Visit CashNCarryParts.com or call us at (912) 352‑0725 for a free quote today.
FAQs
1. Can I sell a car I’m still Financing?
Answer: Yes, but you must pay off the loan to clear the title.
2.What if my car is worth less than I owe?
Answer: You can either pay the difference or we can help manage the negative equity.
3.Will Cash N Carry Parts buy cars with finance?
Answer: Absolutely. We help coordinate with your lender, pay off the loan, and either pay you the difference or help you move on from the car, depending on the situation.
4.Do I need the physical title?
Answer: Not until the lien is paid. After payoff, the lender or DMV issues it.
5.How fast can I sell?
Answer: We often complete pickup and payment same day after quote is accepted.
