Before you sell your car, you should make sure to explore all the different avenues for cutting costs. Many people overlook their insurance policy and I have some tips that may help you save money
You can also look into refinancing your car to save money on the monthly payments. Try using the Jerry
app to refinance. Jerry is a great resource for comparing loan options from multiple lenders. Use our refinance calculator and avoid the hassle of searching for lenders yourself. Jerry makes it easy by finding the best lenders at the best rates. On average, car owners pay $85 less every month by refinancing their auto loan.
But if you’re set on selling your car, be sure to meet with your lender to discuss your payoff amount. This is the remaining amount of money you owe the lender and it will need to be settled either before the sale or immediately after.
Once you know the payoff amount and have a willing buyer with a high enough credit score to refinance your loan in their name, you just need to make the sale with your lender present. The only other loose end to tie up is to cancel your insurance policy on your newly sold car.