Quote:
Originally Posted by bludhaven
The car was purchased via 5 year loan in 2008. it was a 5 year loan and has 1.9 years left on the loan. My father has been paying the car loan and cannot afford it so I am trying to sell the car.
How should I go about doing this? How much, in good condition, would my car be worth at this point? (great condition, 39k miles)
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first look up this 2007 Aveo sales prices in your area.. then how much does your father owe . I bet with a 5yr loan he owes more than the vehicle is worth by a few thou...
best get loan from bank to pay off the car loan . then sell this vehicle as now your father will have title in hand ...with the vehicle registration cancelled.
unless you/your father is debt proof you must pay this off...
even if the vehicle somehow catches fire or is stolen and never recovered the insurance will not pay the amount owed. only what the vehicle is worth minus a few hundred dollars....
car dealer with a warrantee 9,5oo.oo private sale 7,ooo.oo ...