Sweatstance

since im making payments on my car, i dont have the title yet. how would that work if were to sell my car?

RSXaco

to another private party is one option
thats what i did
the other guy interested in buying basically went to the bank
got a loan and paid off the rest of my car
now he owes the bank basically the same amount (monthly) as i did
i also asked him for a down payment (optional) for the upgrades i've added on the car
-new wheels+tires, etc..

Sweatstance

but wouldnt i have to use his money to pay for the loan through toyota then wait for the title to come in before i could officially sign the car over?

RSXaco

not exactly
by going through his bank
it is "officially" paid off by you
therefore it is out of your name and the resposiblility is his from now on

-both you guys go to the bank
-tell them you want to sell your car to him
-they check his credit and see how much you owe
-now him and the bank know the exact amount you owe
-him and the bank agrees
-bank writes check, completely pays off car
-call your bank to make sure its completely paid off(now out of your hands)
-hand keys over

this whole process took about 1-2 weeks
its shouldn't even take that long because my bank was having difficultly on getting the exact amount i owe

Sweatstance

ok well the loan is through toyota financial... would he have to come to the dealership?

RSXaco

no he does not have to come to the dealership
when i had a toyota it was through chase(toyota dealership)
just give chase or whoever you pay a call to see the exact amount you owe and start from there

ayS

yes, if you sell the car, the buyer will get a loan for the bank to buy your car. and therefore you will not have payments on it (if you sell for more then you owe at least).

on a side note. i know somoene that lives in urbana. kind of close to the library. small town huh?

ayS

no, you can call them up. they are the easiest to deal with. you can see what you owe exactly if you are setup on the net with them at there site.

Max

You can get a payoff amount and the date that amount is good through via Toyota Financial's website.