Sell Your Car with an Existing Loan

Hassle-Free Process. Selling your used car with an existing loan has never been easier! At CarsofLA, we understand that life's circumstances can change, and we're here to simplify the process for you. Our step-by-step approach ensures a seamless transaction that benefits both you and us. Here's how we make it happen:

Step 1:
Submit Vehicle Details Provide us with essential information about your vehicle – its make, model, year, mileage, and overall condition. Let us know if there's an existing auto loan tied to the car.

Step 2:
Contact Your Lender Our team will assist you to reach out to your lender and request a 10-day pay-off quote. This quote includes the outstanding loan balance and any accrued interest up to the intended pay-off date.

Step 3:
Fair Purchase Price Using the pay-off quote and information you provided, we'll calculate a fair purchase price for your car. This amount ensures the loan is settled, and the title can be smoothly transferred.

Step 4:
Receive Our Offer We'll present you with our purchase offer, which includes the calculated purchase price. You're under no obligation to accept – the choice is yours!

Step 5:
Agree and Prepare Once you're on board, we'll finalize the agreement and prepare the necessary paperwork for a hassle-free transaction.

Step 6:
Loan Settlement We take care of the payment directly to your lender for the 10-day pay-off amount, ensuring your loan is settled.

Step 7:
Smooth Ownership Transfer Once the loan is confirmed settled, your lender releases the lien on the title. You sign over the title to us, and we assume ownership of the vehicle.

Step 8:
Your Satisfaction Matters Our priority is your satisfaction. Our transparent, professional approach ensures you have a positive experience throughout the process.

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