Financing

Asked by MalladinMusic Feb 18, 2019 at 12:50 PM

Question type: Car Selling & Trading In

If I sell my car through you and the buyer gets
financing through AutoPay, do I get the full
purchase amount direct deposited to me and then
they pay a bank or am I getting monthly
payments?

4 Answers

280,625

Call up AutoPay and ask them. I can say you will not get the full amount if there is a pay off, you would get the balance if there is any to be had.

1 people found this helpful.
10

Wait, so if the buyer uses CarGurus financing, you don't receive one payment for the amount agreed upon?

280,625

Think about it. Let us say you sold the car for 10 grand but owed 8 grand on the loan. No one is going to give you the eight grand. That is the lenders money, not yours.

3,490

Here's a link to answer some of questions: https://cargurus.helpscoutdocs.com/article/192-does-cargurus-offer-financing

Your Answer:

Car Selling & Trading In Experts

  • #1
    F_O_R
    Reputation
    14,000
  • #2
    Ed92626
    Reputation
    2,200
  • #3
    Bob Beaman
    Reputation
    2,190
View All

Find great deals from top-rated dealers

Search

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use. Content will be removed if CarGurus becomes aware that it violates our policies.