millerl22
Jan 27, 2009, 08:42 PM
This is more than one question. I hope that's okay.
I cosigned on a loan for a car for my son, age 22. He is unable to make the payments and agrees we need to sell it. The car blue book is about $9,000; however, the lien (through Wachovia) is about $12,000. After I figure out how to pay the $3,000 difference (the tough part), what is the step-by-step process for selling the car? I would like to "sell by owner" and not through a dealership. What are the best Web sites for selling your car in this way?
To find the $3,000, I will either refinance my home (but not sure if I can right now) or use my tax-refund. Any other ideas? (My next question: How to win the lottery. LOL)
I cosigned on a loan for a car for my son, age 22. He is unable to make the payments and agrees we need to sell it. The car blue book is about $9,000; however, the lien (through Wachovia) is about $12,000. After I figure out how to pay the $3,000 difference (the tough part), what is the step-by-step process for selling the car? I would like to "sell by owner" and not through a dealership. What are the best Web sites for selling your car in this way?
To find the $3,000, I will either refinance my home (but not sure if I can right now) or use my tax-refund. Any other ideas? (My next question: How to win the lottery. LOL)