I want to sell my new car. How?

Question

I bought my car from a dealership in May; its a 2007 Kia Optima LX to be paid off in 4 years. However, I may be leaving the country in December for a couple of years and cant take the car with me or pay it off before I go. If I sell it to the public how does the paperwork go (passing over the pink slip that I don't have)? Is there anything I can do with the dealership as in "give it back"?

What is the best thing I can do?

Answer 1

it's not YOUR car to sell.  you'd have to find a reliable buyer who can take over the payments.  they would have to pay the car off from the dealer, and get a re-finance loan to take over the payments.  their lender would hold onto the title until it's payed off.

Answer 2

No, You can't give the car back to the dealer. They don't own the car. The bank you have your financing through owns the car.  

The bank will not let you have the title until it is paid for in full. You'll have to find someone that is willing to Pay the car off and wait for the bank to send the title.  

Answer 3

Sell your car in any method you wish. Once you find a buyer let your loan company know about the pending sale and they will produce the title for you. They will expect most or all of their loan to be paid off at the time of the sale.  

Answer 4

You are most likely upside down with the private party sale value being less than you owe and the wholesale dealer value being even lower. Call your lender and ask what they would want before you even try.