Oppo-pinions?

"Firewrx234" (firewrx234) 06/27/2015 at 20:14 • Filed to: Oppo Help, CL, Charger

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So I’ve sold a few cars on CL before but never one without a title in hand. My current car (2006 Dodge Charger R/T) is getting close to the end of my warranty period and I’d rather not have it during that time when I’ve had the dealership pay so much under the warranty period. This means I’m looking for a new-to-me car and means either trading it in or selling it outright. But my largest issue with selling it would be that I am still making payments and not sure how to sell it without the title.

What is the best/easiest way to sell it if I don’t trade it in? What things should I watch out for when doing this? Obviously, I’ve sold things on CL before but this will be a different experience to me. Luckily, I’m in equity and will come home with money when it’s all said and done.

Thanks in advance guys!

Rusty Vandura - www.tinyurl.com/keepoppo > Firewrx234 06/27/2015 at 20:58

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I bet the Dee Preesh is epic on a car like that.

The bank owns the car; you can’t sell it.

Firewrx234 > Rusty Vandura - www.tinyurl.com/keepoppo 06/27/2015 at 21:03

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Don’t be stupid, of course I can sell it.

The reason why I'd prefer to sell it instead of trade in is pictured above.

Rusty Vandura - www.tinyurl.com/keepoppo > Firewrx234 06/27/2015 at 21:10

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I am not stupid. If I were, I’d buy a car from a guy who did not have the title.

Rusty Vandura - www.tinyurl.com/keepoppo > Firewrx234 06/27/2015 at 21:16

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You might be able to get some cash from someone and get them to take over the payments, but if the car is financed, and you haven’t paid it off yet, the car is not yours to sell. And the dealer has you by the base of your snarklees for the financial reasons that you show above. Of course this is all a moot point until a potential buyer materializes.

Firewrx234 > Rusty Vandura - www.tinyurl.com/keepoppo 06/27/2015 at 21:18

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I have no intention of transferring payments. I plan on taking them to the bank where the car is financed so they can work the payoff out and the rest would be mine.

Rusty Vandura - www.tinyurl.com/keepoppo > Firewrx234 06/27/2015 at 21:26

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Good luck with that.

blacktruck18 > Firewrx234 06/27/2015 at 21:46

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That’s all you need to do. It’s too easy. Take them to your bank they give the bank the $. The bank gives them the title and you the left over money.

You should call the bank though and let them know you are planning on selling the car and you will need the title. Most bank don’t have the title on hand. They will need to get it from wherever they are storing it.

Firewrx234 > blacktruck18 06/27/2015 at 21:52

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I appreciate your positive assistance :)

JGrabowMSt > Firewrx234 06/27/2015 at 22:07

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Only worth 6-7k max, Im unsure you’ll get any more.

The bad part is the bank is going after book value, not the deal you can work out.

Good luck with it, I hope you get a fair chunk for it. I personally wouldnt get rid of it. LX cars hold up pretty well with basic maintenance or at minimum a head swap. Nothing terribly expensive.

Firewrx234 > JGrabowMSt 06/27/2015 at 22:20

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My dealership already ok’d me for 8300 but he said he was amazed at what they bring retail and suggested I sell it privately. Nice guy, I've known him a while. I love the Charger but I can't have 3 cars right now unfortunately otherwise I would.

JGrabowMSt > Firewrx234 06/27/2015 at 23:09

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I guess its all down to the area. Locally, LX cars from 05/06 dont fetch much money. Magnum was $6300, while certainly on the low side, it has needed a fair amount of work above and beyond what I just wanted to do.

The Challengers and 300s manage to get the most return, the Chargers are not too far behind, but the first iteration isnt nearly as desireable as the current gen or the one right before it.

Firewrx234 > JGrabowMSt 06/28/2015 at 10:24

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Most definitely. I see the same here but for some reason the V8 any things are doing well around me.