<font face="Verdana, Arial" size="2">Originally posted by nismo200:
I dont think he will turn upside down...Cause he would get the 6000 and the buyer would pay the 7000 left on the car.
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Since it seems you have everyone from here to Japan confused, let me try to help.
Are you saying he is asking $7000 plus $5500-$6000 (for a grand total of about $13,000)for the car? If you are then that is way too much. Book value for that car is around $10,000 I believe.
The buyer does not pay off his loan...When you sell a car that you have a loan on you keep the loan, which means whatever money you receive from the buyer pays off the loan and the extra money is yours to keep.
If the car is in decent shape he should sell it for book value, pay off the loan, and keep the amount left over.
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-----------Josh
'93 NX2000
not quite stock
[This message has been edited by nx2kPA (edited 06-20-2001).]