Pay it forward….Or at least pay it off!
Are you thinking of privately selling that almost paid off vehicle? If you can swing it, pay it off and get that title free and clear from the bank. My experience in selling vehicles privately is that you will never have a potential buyer “balk” at handing over the funds if they get the car and the title together. If there is a delay because the loan is not paid off and you have to get the title after they have paid for that car, you may have some objections to overcome. Even if it is only 1 out of 10 people that are going to walk away for the deal, what take the chance? If you have everything in order, you can move that vehicle and be done with it once and for all. After all, do you really want to have to see that person you sold the car to again? If something happens to go wrong with that car between when you sold it and when you get the title, do you really want to know/hear about it?