so I just went on Carmax.com

[Dasfinc]

Focus's are certianly selling for quite a bit

I owe 12 on mine now, and ones like mine are going for 13,500-14,000

(if you haven't guessed, I still want a GTO or mustang for my 21st birthday in July *Happy birthday to me*)

Click to read more...

 

[Lord Tin Foilhat]

yep ive noticed that too. cheap 4cyl are going up fast. so that means i can sell mine for more

im actually going to carmax friday to get it appraised

 

[Dasfinc]

I know carmax would only give me like 9 for mine probably because thats how they make their profits, jewing people.

but just kinda an observation. I really want a GTO or mustang, and the gas wouldn't matter much because my driving is either 4 miles through town, or 50 miles on the freeway, and a manual LS1 GTO would only be getting a few mpg worse on the freeway (I only get 30mpg no matter where I go it seems...)

 

[Ron Vogel]

Put it on craigslist...

 

[Dasfinc]

Put it on craigslist...

I have a loan on it, it'd be a BITCH to sell because of that if nothing else.

I'd LOVE to sell it and be done with it, and just daily drive the civic so I can save money for a house.

 

[Mook]

its not hard to sell privately when u have a lean on the car...i dont know why so many people think that

 

[Lord Tin Foilhat]

im doing it now

 

[Dasfinc]

its not hard to sell privately when u have a lean on the car...i dont know why so many people think that

What do I have to do?

I love the focus, but now that the civic is 100% again, I'd rather just drive that and save the $550 a month I'm spending on insurance and car payments....

 

[Mook]

find someone who wants to buy it.....get the payoff amount from the lean holder....have the buyer either get a loan or pay in cash, dance around a bit, profit

 

[Dasfinc]

find someone who wants to buy it.....get the payoff amount from the lean holder....have the buyer either get a loan or pay in cash, dance around a bit, profit

doesn't the buyer need the title on the spot if he is taking out an automotive loan?

 

[Lord Tin Foilhat]

or they pay you, you pay it off, hand them title?

or sign off your loan to them

 

[Mook]

banks talk...bank A pays bank B to get the title, etc etc

 

[IDAFC21]

exactly. i just did it w/ my wrx. it was actually a lot simpler that i thought it would be. guy went to his bank, gave them the info for my lien, they contacted my bank, got the payout amount, drafted up all the paperwork, we both went into his bank, i signed a few papers transfering power of attorny of my car to that bank, they showed me the check they cut for the payout amount, and cut me a 2nd check for the remainder of the sale price. we had them write up a bill of sale, and i also printed my own up that we both signed and thats that.

once my bank received the payout and the loan was closed out, they send the title to him so he can sign it and register the car properly and then the title goes to his bank.

the banks do all the work. i didnt really have to do anything other than sign my name a few times a pick up a check. But yeah. make sure youre both at the bank and get the check from a bank attendant, so you know its not a forged check or anything.

 

[syP]

get a civic SI

 

[Burtonrider10022]

u can pick up an 04 GTO dirt cheap right now cause of gas prices... unfortunatly

 

[Dasfinc]

u can pick up an 04 GTO dirt cheap right now cause of gas prices... unfortunatly

I was thinking an LS1 6 speed. I know on the freeway they aren't very bad, and most my driving is either freeway, or 3 mile commute to work.

 

[EmersonHart13]

Buyer paid me cash, I gave him the car and then forwarded him the title after the payoff.

Just do all the appropriate paperwork, which I have (PM me) and you are golden!

John