We think we finally sold our Jetta, but there is a hitch that I cant figure out, need some help.
Ok, for ease of numbers, lets say we sold it for 15K and owe 10K on it.
It is financed through Chase Automotive, they don't have a branch anywhere in the area.
So I take the 15K cash from the buyer, give him the car with the title and sign the back of the title and then the buyer HOPES I send in the 10K that I owe to clear the title?
Although I would definatly pay it off, don't want to screw up my credit, there are enough scammers out there that as the buyer would I trust me to send in the payment to clear the title?
How does this work?
Ok, for ease of numbers, lets say we sold it for 15K and owe 10K on it.
It is financed through Chase Automotive, they don't have a branch anywhere in the area.
So I take the 15K cash from the buyer, give him the car with the title and sign the back of the title and then the buyer HOPES I send in the 10K that I owe to clear the title?
Although I would definatly pay it off, don't want to screw up my credit, there are enough scammers out there that as the buyer would I trust me to send in the payment to clear the title?
How does this work?