i believe so, but, he will have to make up the difference. i am not sure though. you can goto carmax.com and it should tell you.
he probably could but they will only pay him low book price on it,and that’s not going to be enough to pay it off,he would still have to make up the difference in price,he would be better off selling it to an individual who would pay it off,or take over the payments on it,either way here he may loose money on it,if he,s not careful he may mess his credit up from this deal,good luck.
Yes, and actually some dealers will buy it too. Carmax actually advertises buying cars, so there should be no problems getting them to buy the car. The only problem is that dealers and I believe Carmax as well, will pay you less than the trade in price for your vehicle. And don’t forget that if the car is worth less, I believe it will be because it has only been 4 months, than the payoff amount then your friend will have make up the difference. Where as if you sell it to a regular buyer they may pay you much higher. Obviously if the car is new, which I think it is, then it will be harder to sell to a buyer because it is harder for that person to come up with $25000 all at once. Your easiest way would be to sell to Carmax, but your best deal will come from a regular person.
HE WILL GET A LOW BOOK VALUE AND THEN HE WILL HAVE TO COME UP WITH THE DIFFERENCE RIGHT AWAY BEFORE CARFAX WILL GIVE HIM A SINGLE DIME.
HE MUST SATISFY THE OWNER OR LIEN HOLDER OF THE VEHICLE FIRST BEFORE ANYTHING ELSE CAN BE DONE.