Completing the transaction

Asked by Ron1117 Sep 12, 2018 at 10:30 PM

Question type: Car Selling & Trading In

I have a question on how the transaction works through car guru. I have an interested buyer for my car for ~ $24k and still owe $20k. I'm in CA and understand after I pay the lien to Chase, it takes some time before I actually get the title.

So, does the seller pay through CarGuru? Does CarGuru guarantee the funds (heard of scams that include bad cashiers checks) and what do I give the buyer so they have possession of the car?

Want to be safe for me, and also make sure the buyer gets what is required.

Thanks,
New to CarGuru

4,980

Title_Reguru answered 5 years ago

Technically, you should have the title before selling the car. Then you would just provide the buyer with bill of sale and title and send them to the DMV. The answers to your questions can be found here: https://cargurus.helpscoutdocs.com/search?collectionId=5804f3b9c697915a23d7a194&query=autopay

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