Hi guys, have not been here for a long time!
Need some answers... how do you sell a car you are still amortizing? I"m planning to sell my car whic I bought last January but I'm still paying monthly amortization for the next two years. Any experience on this matter?:confused:
The Largest Car Forum in the Philippines
- Forums
- Discussions
- Events
- Community
Results 1 to 5 of 5
Hybrid View
-
Tsikot Member
- Join Date
- Feb 2003
- Posts
- 4
October 10th, 2003 09:35 PM #1
-
Tsikoteer
- Join Date
- Oct 2002
- Posts
- 11,352
-
kaya ng 2H yan!
- Join Date
- Oct 2002
- Posts
- 1,375
October 11th, 2003 11:06 AM #3i think you just give a price that is equal or less than the payments you already have done.
ewan ko lang, speculation ko lang
-
Tsikot Member Rank 8
- Join Date
- Oct 2002
- Posts
- 21,433
October 11th, 2003 10:55 PM #4determine the market price of your car, deduct the total remaining amortization. that will be the cash out of the buyer, he will then be the one to assume the balance of the ammortization. the financing bank should be informed of the sale, and will probably do a CI of the buyer. the bank have the right to refuse the buyer, since they are the 'owner' of the car until full payment.
Signature
-
Tsikoteer
- Join Date
- Feb 2003
- Posts
- 690
October 13th, 2003 05:22 PM #5tumpak yung sinabi ni boybi. ganyan nga, same when selling real estate properties na under mortgage pa.
Reply With Quote