Hey Scotty does car max buys car even if your still paying on it I only got 5K left on it, someone told me they pay the whole car out when they buy it from you
Yes they do, and they actually give you a fair amount of its a fairly modern vehicle (10-12 years or less) because they sell them for a lot more.
"Sure you can. You can sell your car to anyone or trade it in. Just because you have a payoff doesn’t mean your chained to the vehicle. The only thing that has to be done is that you have to satisfy the Lien. If your pay off is 10,000 and your car is worth 12,000 then the Group you mentioned would make a check out to the bank for 10,000 and you would get 2000 . If you owe the bank 10,000 and the car is worth 8,000 then the group would pay the bank 8,000 and you would need to give the bank 2,000 to clear the lien. If the spread is to significant and you don’t have the money to pay the deficiency balance then you have to make a choice to keep the vehicle or trade the car in where the deficiency can be rolled into the new loan depending on how much you are upside down on your car and how your credit is. Banks will loan different amounts to people that have great credit compared to bad credit." - Jeff Connors
If you sell them a car with a balance, they simply subtract that balance from what they pay you and give you the remainder.
they might, but it'll probably cost ya. I'm willing to bet that you'll end up spending less if you pay it off yourself.
