Originally Posted by
puffy
If you still owe money on the car and more then car is selling for on the market, you will not get any buyers. On the other hand, if you owe less and don't mind just someone taking over your loan, it is a good possibility.
Ummm how would people know that I owe more than it is worth? I wouldn't allow someone to take over my loan unless I REALLY trusted them, or I could transfer the loan with ease.
Regardless if someone came to look at the car, why would I say...Yeah I owe more than it's worth so bleh.
I would make sure that I could pay off the rest of the loan (even if it means getting a Line of Credit) so they could get the Title.