by New2Cars on July 11th, 2008

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I just got a new 2009 vehicle and I have a question about when I sell it to someone else. I financed my vehicle for 84 months & in 3 years i want to sell it. What happends to the amount that I owe? Does it get transfered? Do i still have to pay it?

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by Freddy Says remove all moderation points on July 11th, 2008
Who 'owns' the debt?

Yup. You do. So you pay back the debt out of the proceeds of the sale.

The money is the money and the car is the car.
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I just got a new 2009 vehicle and I have a question about when I sell it to someone else. I financed my vehicle for 84 months & in 3 years i want to sell it. What happends to the amount that I owe? Does it get transfered? Do i still have to pay it?

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I just got a new 2009 vehicle and I have a question about when I sell it to someone else. I financed my vehicle for 84 months & in 3 years i want to sell it. What happends to the amount that I owe? Does it get transfered? Do i still have to pay it?

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