I want to sell the WS6 but since I didnt pay for it for one whole year while i was in boot camp and MOS school I still owe $14k. They just extended me a year so I wouldnt have to worry about it. Now it bites me in the *** because I cant trade it in or sell it because Im uside down like crazy. Now what I am looking to do is for someone to give me $10k obo and I will pay off the remaining $5k in 6months. Then I will transfer the title to the person who buys it. Of course you will take the car the day I get the offer. Just make sure you have full coverage insurance. Its an 02 WS6, 76,600miles, 6spd, black with black leather. I dont know if anyone would be interested, but I just thought I would get opinions. Ive really lost interest in a V8 for now. lmk what yall think.

 

i don't think anyone will give you $10K cash and then "wait" for you to pay the bank the remaining $5K to get the title. $5K in 6 months !?!?! that's almost laughable. i was in the Marines and you will BARELY even clear $1500 a month.

also, if someone DOES in fact wanna do this, i think you can go to the bank and notarize a letter saying that the title will be issued to the guy that gave you $10K once the loan is paid off.

it's a tricky situation but i believe with the proper steps and documentation you "could" work something out.

it's best if you just get the EXACT payoff amount.

lets say your payoff is $14,500. sell the car for $10K and have your parents give you the remaining money in cash so you can pay the loan off. smooth transaction.

you get out from under the car and the guy leaves the bank waiting for his title in the mail.

 

im actually in the reserves so i have my civilian job where i make a little more than double of the 1500. I was just asking the opinions of people. just to see if anyone is interested in doing this.

 

ahhh ok.

well, looks like your best bet would be:

1) get EXACT payoff amount
2) have about 5-6K saved up just in case you only get 8K or 9K
3) see how much someone will give you for a 74K mile WS6
4) show up to the bank with them and pay the difference

he'll get the title, a new car and you won't be stuck with the loan

 

p.s.
pictures of the car would help.

and if you have another daily driver, i'd drive that and save miles on the car because everytime you take it out you're depreciating the **** out of it.

 

true, appreciate it the chime in

 

it wouldn't hurt to ask the bank if they will settle for less than what you owe if you pay cash... kinda like settling on a credit card debt... the worst thing they can say is no... if they will take less then you might break even if you find a buyer

 

I thought about that. i will give them a call on monday

 

ill be glad to take over ur payments if u want.... lol wait what are your payments

 

$460.....

 

to the top...

 

pm's replied.

 

any pics of the car??

 

Yeah, shoot some pics this way. Is there anyway you can have the rest of the car payed off so we can get the title?

 

maybe if you find a buyer for the 10k take it to the bank and see if they will give you the title and set you up a seprate loan for the rest of the un paid loan.

 

Well I was going to get this deal done with a guy a couple of months ago but I couldn't get my hands on another ride yet. I finally got my bike and I'm ready to do this now. I do not have the number to the guy who wanted to make it happen so if you are still intersted bro chime in and let me know or just contact me directly. And if there is anyone intersted just lmk. Thanks!

 

This is similar to what I did when I bought mine. Guy wanted 14 i think, I gave him 10.5k and my old camaro, a 97 V6. He owed 19k on it, so he took out a loan for the rest, I got the title in a month from the bank, and he had a 6k loan to pay off after selling the 97 V6

 

I might do that scenario

 

To the top!!!!

 

This guy is right. Selling the car and ironing out the financing are two different issues.

If you owe more than it's worth, tough bananas, the loan was set up incorrectly in the first place.

My advice is - advertise the car for sale, but don't discuss the rest. It just lowers the value to a prosective buyer.