I'm considering selling both our newer cars 2004 VW golf TDI and 2006 Scion xB and getting some used Honda's. I figure if I could get an auto civic from 92-00 and average around 35mpg I'd only pay about $50-75 more for fuel a month but be getting rid of a $306 monthly payment. Since I can do all the mechanical work I'd be set, wouldn't even worry about engine trouble cuz I can perform a swap myself.

There are 2 used TDI golfs within 100miles of me, both are 2002 with 20-23k miles and going for $19k. Mine is 2004 with 78k miles and I figure I could get 16-17k due to the demand, maybe more.


~shorthand~
selling 2 newer cars with leins. Anyone ever sold a car with a lein and how did you handle getting the title?

 

the buyer gets their money and goes with you to your bank. you pay off the car and the bank gives them proof of payment and the bank sends them the title, as far as i can remember. most banks dont keep them in the bank so they have to be mailed.

 

both leins are with the car company'sh:

 

buyer better trust you then. h:

 

i have always done the same as spankaveli, except here in MI even with a lein the title is in the car owners possesion, so all i did was take the title as well as the buyer and/or money to the bank and they signed off on the title and it was clean and clear...

as for yours being with the car company, i would call the place you send your payments too, my guess is they would send all the paperwork to the dealership you purchased from and they could handle the transfer of funds...

 

I might just ask my mom if she could use her equity line of credit to payoff so I can get the title when I find a buyer, to make it easier.

I want a house more than a nice car and getting rid of $570/mo in payments would be nice, not to mention saving on auto insurance.

 

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