Selling a newer car

[tavarich]

I need to get from under a car loan.

Will the bank allow me to sell the car and pay off the loan or what is the procedure to do this thanks for any help.

[IMHO]

1. Find a buyer

2. Coordinate with the finance company, so they can have the blue book ready when you get final payment from the buyer, so the car can be transferred into the buyer's name.

[stingray]

No, it doesn't work that way

You have to pay off the bank first and the blue book goes to your name. It takes at least 2 week to do the paper work. Atter the car is in your name, you can transfer it to the new owner.

[konying]

No, it doesn't work that way

You have to pay off the bank first and the blue book goes to your name. It takes at least 2 week to do the paper work. Atter the car is in your name, you can transfer it to the new owner.

Partly true, but this was my experience with tanachart bank.

Buyer along with myself went to the bank.

Buyer paid off the balance, and whatever extra to me.

Bank did all the paper work including transfers and transfer to buyer name.

Buyer left with all official paperwork from the bank and a car.

About 2.5 weeks later buyer received blue book from the bank in his bank.

All was actually really easy, but might scare off newbie buyer or someone who does not speak Thai or have someone translate,in bank all was only in Thai

[IMHO]

If you give your finance co. advance notice, they can have the blue book ready and waiting at the branch where the final payment is going to be made.