How to sell car while still making payments


catlover 25
01-19-2014, 02:06 PM
I am recently divorced and I have our car while my ex has about 2 yrs to pay it off. It is a 2006 Mercury Grand Marquis with about 100,000 miles on it. I am thinking of moving out of state within the next 6 mos to a year. Living on a low income this car would a source financially to help me move as I plan to live in a place to use public transportation.

My question is: I don't want to have to wait until the car is paid off to sell it. By that time it is not going to be worth anything. It is in very good condition now but I know I would not be able to get a lot for it nor do I know how I would go about selling it. The Kelly Blue Book Value for it is around $5600. Not sure if it is good or very good condition. I believe the payments are $200/month so that means $4800 is still owed on the car. Does this mean someone would pay me a certain amount of money and then take up payments? So right now I would be looking at if I am lucky getting just about $1000 for the car. I will need to check again to see exactly how many payments are left on the car.

I just hate to wait real long until the car devaluates even more. Thanks, I would appreciate any suggestions.

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