Some banks and finance companies do not allow their loans to be transferred; as a result those Sellers can only offer a sale price.
Yes, FinanceBusters’ new car listings provide an excellent comparable for Buyers to review before they decide which vehicle to buy.
Yes, FinanceBusters’ is one of the best platforms to view dealership vehicle loans and price on quality pre-owned vehicles.
FinanceBusters is a registered partner of CARFAX. We recommend you acquire a report on the vehicle you are interested prior to finalizing your transaction. FinanceBusters also endorses a vehicle inspection by an accredited mechanical facility to check for previous collision repairs.
FinanceBusters’ Loan Transfer Checklist outlines all the steps for you.
No. A transferrable loan contract cannot be altered or changed in any fashion. If you have a trade-in you can either sell in privately or wholesale it to an interested dealership.
Yes, you’re buying a used vehicle, paying tax on the vehicle and assuming the balance of the existing loan contract. You’re not arranging a new loan to pay for the vehicle. The vehicle registration/ownership will be in your name at the time of signing.
The FinanceBusters’ registration fee is $199 plus applicable sales taxes; your listing will remain active on the website until it sells.