Finance 101 – Part 3: Selling Your Car | Princeton, WV

Have you fallen out of love with your current car, truck, or SUV? Is the new Ford Bronco, F-150, or all-electric Mustang Mach-E catching your eye? Selling your vehicle is easy at Ramey Ford Princeton in Princeton, West Virginia. 

We get a lot of questions from customers looking to sell their car at our dealership. If you're thinking about making a change, here are answers to some of the more frequently asked questions. 

Can I sell my car if I'm still paying on it?

Yes! When you sell your car at a dealership, the value of the vehicle goes toward paying off the remaining balance you owe. Anything over that value goes into your pocket or toward a new vehicle lease or purchase. And to make matters easier, we'll even take care of all the paperwork. 

Can I sell my car if I owe more than it's worth?

You can, but you may want to consider other options if possible. If you're selling outright and you're underwater on your auto loan, you'll have to pay the balance. But if you roll your current loan into a new loan, we can combine the amounts owed so that you can spread it out over monthly payments. 

How do I know what my car is worth? 

If you want to have an idea of what you'd get for your current vehicle, there are plenty of tools at your disposal. You can get the estimated trade-in value from CARFAX® or contact us with the details about your vehicle for an up-to-date estimate. Keep in mind that vehicle values change frequently, so estimating your vehicle's value closer to when you plan to sell or trade ensures that you get the most accurate estimate. 

Contact Ramey Ford Princeton in Princeton, West Virginia, and we'll help guide you through the process of selling your car.