Selling a Financed Car: Q&A With Derek Gainey at Ken Ganley Buying Center Boardman
Selling a financed car involves paying off the remaining loan balance to release the lien and transfer legal ownership to the buyer. Derek Gainey of Ken Ganley Buying Center Boardman explains how dealerships handle payoff quotes, equity calculations, and title transfers, making the process faster and safer than private sales. They ensure direct lender payoff, lien release, and immediate legal protection for sellers.