Submitted by DirkGOAT10 t3_10ooqf3 in personalfinance
DirkGOAT10 OP t1_j6fxy99 wrote
Reply to comment by [deleted] in Buying Out Mothers Auto-Loan by DirkGOAT10
I feel so silly - Quick google search shows Carmax will in fact buy your car even with a loan attached.
Thanks so much. So sounds like I would only need to do the whole process if i try to sell to a 3rd party
NeedlessUnification t1_j6g5yt8 wrote
Most leasing companies have closed this loophole. Honda, for example, forced me to but mine out from a Honda dealership.
SolutionLeading t1_j6g2kj1 wrote
Make sure you follow up with them and make sure they correct the title and everything. I sold my (paid off) car to them and they missed filing some paperwork, and I didn’t realize until months later when I got a registration renewal notice for my old car!!! They fixed it after I called them
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