Sport Reviews Football

Pay in full my car loan with my American Express card: good move?

I got problems selling my sport car, a Mazdaspeed6; ’cause is not paid in full I must find one with a good credit score or willing to buy cash (not easy in today’s USA market) Price is around 20k.

I got married and my wife does not drive manual shift so I need one with automatic transmission. My plan is pay the car loan with my AMEX now, get rid of the lien holder and sell the car by my own. Once sold, use that cash to pay the AMEX balance.

Foolish idea.

Here is how it’s done very day by thousands of people who sell their car.

Once you find a buyer, arrange to meet them at your bank. Sit down with a loan officer. The buyer pays you for the car, you turnaround and hand the money to the loan officer. They pay off your loan and then they process the title work to go to the new owner. All of this takes about one hour and all of the paperwork is handled by the bank employee.

simple.

2 box break, 2007 future stars, and baseball card holder sleeves

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