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Balloon question

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Old Jun 6, 2005 | 01:27 PM
  #1  
mreynolds's Avatar
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Balloon question

Can you sell a car that's currently being balloon financed?
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Old Jun 6, 2005 | 06:13 PM
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Jim Banville might be interested. PM him.
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Old Jun 6, 2005 | 06:14 PM
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2001 E320 (210.065), Brilliant Silver; 2002 Ducati ST-2, Arrest-me Red
It depends

upon what your loan documents say.

Unless they're unusual, typically you can sell the car so long as the entire balloon note is paid off as part of the transaction.
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Old Jun 6, 2005 | 07:05 PM
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Just the word "ballon" scares me.
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Old Jun 6, 2005 | 07:24 PM
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From: By the City by the Bay, CA
2001 E320 (210.065), Brilliant Silver; 2002 Ducati ST-2, Arrest-me Red
Originally Posted by Needing2knowDud
Just the word "ballon" scares me.
What's a "ballon"?
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Old Jun 6, 2005 | 07:26 PM
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i think it's French !
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Old Jun 6, 2005 | 08:07 PM
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Originally Posted by Gregs210
What's a "ballon"?
I didn't spell "balloon" right. oh well, lol
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