Can I sell my vehicle if I have a loan on it?
If I have a loan on my vehicle, can I still go through the instant offer process?
CarOffer will buy your vehicle if the loan payoff amount is less than the offer amount (positive equity). If your loan payoff amount is more than your offer amount (negative equity) you can pay off the difference, then complete the transaction.
(Offers and payoff amount change over time. To ensure you achieve a positive equity position we recommend paying off the difference plus at least two months' payment)
Please note: We are not able to purchase vehicles that are currently under a lease contract.
Should I continue to make payments on my loan?
You should continue making payments on your loan until your vehicle has been picked up. Stopping payments too early could result in a lower final offer for your vehicle.
Do you currently support a trade-in option?
We do not currently support combining your offer with the purchase of a new vehicle in a single transaction.