How do I go about selling my still owed on car to get a new one.

[08tahoe]

Best way to sell it privately is to do it all at the bank. The bank will take care of everything

The banks from where ever the loan is from

This^^^

I got my tahoe on craigslist from a private party for a great price and it only had 19k miles on it. I did everything at the bank that gave me the loan for it. The guy that I bought my tahoe from drove down here to my bank and we did all the paperwork and the lady at the bank handed me the check and I handed it to the seller and he gave me the keys.

[BEEMDUB]

Yes it's that simple. I work at a bank and see it all the time. Just go to the bank first and speak with a banker. Tell her what you are doing. Usually can take them a few days to get the title ready for you. But once they have it, just do as you said. Pay off the loan. Sign title to new guy. Take left over cash to Tahoe and buy that! Boom done

Best way to sell it privately is to do it all at the bank. The bank will take care of everything

The banks from where ever the loan is from

This^^^

I got my tahoe on craigslist from a private party for a great price and it only had 19k miles on it. I did everything at the bank that gave me the loan for it. The guy that I bought my tahoe from drove down here to my bank and we did all the paperwork and the lady at the bank handed me the check and I handed it to the seller and he gave me the keys.

Alright this all pretty much sums it up thanks guys....LAST question lol the only thing holding me back right now is making sure I can get a good loan for the amount that I'll need in addition to the money that I get from selling my car so that I can get the Tahoe. I was originally going to ask my mom or dad to cosign (they have perfect credit) so that I could get a really good interest rate, but they're refinancing their house and it's gonna take a while, and in the meantime they won't be able to cosign...What do you think my odds of getting a good interest rate on a loan for say 10 grand would be? I only have one credit card which I got a few months ago and have made every payment early on, and I have been working for about a year at a very well paying job that I was lucky to get hired for. I hear stories all the time of kids saying they got loans but they had crazy ass high interest rates like 9% and up

[Keith77]

This is what I did when I bought my tahoe.. so you can see what a buyer can do

I went to my bank and got a loan for what was agreed price. After approved and all I had a check in my hand and went to the bank were the owner had his loan on the tahoe. After I handed them the check they paid off the loan and put the rest in his account and I walked out with the title and went and gave it to my bank... Granted we did business with the banks we have accounts with and made it easier..

[Keith77]

Alright this all pretty much sums it up thanks guys....LAST question lol the only thing holding me back right now is making sure I can get a good loan for the amount that I'll need in addition to the money that I get from selling my car so that I can get the Tahoe. I was originally going to ask my mom or dad to cosign (they have perfect credit) so that I could get a really good interest rate, but they're refinancing their house and it's gonna take a while, and in the meantime they won't be able to cosign...What do you think my odds of getting a good interest rate on a loan for say 10 grand would be? I only have one credit card which I got a few months ago and have made every payment early on, and I have been working for about a year at a very well paying job that I was lucky to get hired for. I hear stories all the time of kids saying they got loans but they had crazy ass high interest rates like 9% and up

Depending on the year most used car loans are at 8% unless you shop around. I have a credit union that I deal with and can get 3% from them my bank I have my accounts with are at the 8% you will have to shop around to get good interest rates.

[Trey_Dog650]

Go to a credit union. You might have to be a member tho. Best interest rates tbh. Try and get pre-approved

[08tahoe]

Yes go to a credit union. I checked interest rates at a few credit unions. I ended up going with northrop grumman federal credit union. They have good rates if you have good credit. I don't know if there is one in your area but here is the link. https://www.ngfcu.us/home/index.aspx

Edit: here is a link to their locations:https://www.ngfcu.us/locations/branches.aspx

[BEEMDUB]

Go to a credit union. You might have to be a member tho. Best interest rates tbh. Try and get pre-approved

Yes go to a credit union. I checked interest rates at a few credit unions. I ended up going with northrop grumman federal credit union. They have good rates if you have good credit. I don't know if there is one in your area but here is the link. https://www.ngfcu.us/home/index.aspx

Edit: here is a link to their locations:https://www.ngfcu.us/locations/branches.aspx

My moms also been telling me to go to a credit union. I'm going to go to a one called Community Choice that my moms been a member of for 45 years. So when I go there is this something that can be done in 1 day? Like I go in, sit down with whoever, make an account, and then asked to get preapproved and they can tell me right then and there?

[Trey_Dog650]

Yeah. Just bring 2 forms of ID and some work pay stubs

[Brandon15zzz]

Go to the bank you have the loan with they should handle it all.

I bought my truck from my uncle. I got a loan from the same bank he had the loan through. He called them and said I was buying it for $5k. They made me a loan for me which payed off his loan and they cut him a check for the difference. Got it all handled in probably an hour or 2.

[08tahoe]

Not all banks will approve you right away. Some will call you back later and let you know if you got approved.