Selling car with Loan

Asked by Ricky May 01, 2020 at 09:25 AM about the 2013 Honda Accord EX-L

Question type: Car Selling & Trading In

How difficult is it to sell a car that has a loan?

2 Answers


It's done all the time, just has a few extra steps. Talk to your bank or loan originator about the process. The buyer also needs to be informed during negotiations that you'll need at least 30 days to pay off the loan before handing over the title. Most loan originators will provide a copy of certificate of title so the new owner can get temporary tags for those states that require them.

1 people found this helpful.

It's not difficult to sell a car that has an encumbrance; it's after sale that can be a little more difficult. Follow Ken's advice above, but with one alternative. To finalize the sale, meet at the lender's office. He will process the sale and give you a pay-off amount. If the sale price covers that, that ends your involvement, as it's the lender who holds the actual title anyway. The buyer will receive a receipt and will receive the cleared title within a few days/weeks. The only difference in this would be if the sale price doesn't cover the loan. The lender will tell you the amount you must add to complete the deal.

1 people found this helpful.

Your Answer:

Honda Accord Experts

  • #1
  • #2
  • #3
View All

Find great deals from top-rated dealers


Related Models For Sale

Used Toyota Camry
51 Great Deals out of 1,849 listings starting at $2,199
Used Honda Civic
95 Great Deals out of 5,629 listings starting at $695
Used Honda Accord Coupe
9 Great Deals out of 156 listings starting at $2,297
Used Nissan Altima
43 Great Deals out of 1,180 listings starting at $1,880
Used Honda CR-V
78 Great Deals out of 5,336 listings starting at $2,447
Used Nissan Maxima
6 Great Deals out of 309 listings starting at $135
Used Toyota Corolla
153 Great Deals out of 5,452 listings starting at $2,995
Used Dodge Charger
23 Great Deals out of 614 listings starting at $2,500
Used Hyundai Sonata
34 Great Deals out of 1,428 listings starting at $3,499
Used Acura TL
95 listings starting at $2,799
Used Kia Optima
20 Great Deals out of 722 listings starting at $5,950
Used BMW 3 Series
54 Great Deals out of 1,487 listings starting at $2,900
Used Toyota Avalon
7 Great Deals out of 94 listings starting at $4,995
Used Chevrolet Malibu
24 Great Deals out of 1,357 listings starting at $1,794

Used Cars For Sale

2016 Honda Accord EX-L For Sale
16 listings starting at $14,989

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.