Receiving Permanent Change of Station (PCS) orders can be an exciting but stressful time for military members and their families. Moving from Oahu to a new duty station requires planning, especially when it comes to transportation. One common challenge many service members face is figuring out how to sell their car in Oahu when they still have an outstanding auto loan.
The good news is that having an active car loan does not mean you cannot sell your vehicle. There are several options available to help you transition smoothly before your PCS move.
Can You Sell Your Car in Oahu If You Still Have a Loan?
Yes, you can sell your car even if you still owe money on it. However, because the lender technically holds a lien on the vehicle title, the loan must be handled as part of the selling process.
The first step is to contact your lender and request your current loan payoff amount. This is the total amount required to completely pay off the remaining balance on your vehicle.
Once you know your payoff amount, you can compare it with your vehicle’s current market value.
What Happens If Your Car Is Worth More Than Your Loan Balance?
If your vehicle is worth more than what you owe, the process is straightforward.
For example:
- Your car’s value: $20,000
- Remaining loan balance: $15,000
After the loan is paid off, you may receive the remaining $5,000 difference.
Many vehicle owners in Oahu choose this option when they need to sell before relocating.
What If You Owe More Than Your Car Is Worth?
This situation is also common, especially if you recently purchased your vehicle.
For example:
- Remaining loan balance: $25,000
- Vehicle value: $20,000
The difference is called negative equity. You will need to cover the remaining balance before the title can be transferred.
Some options include:
- Paying the difference directly
- Rolling the remaining balance into another vehicle purchase (if applicable)
- Discussing available options with a professional vehicle buyer
Why Selling Before Your PCS From Oahu Can Be a Smart Choice
Shipping a vehicle from Hawaii to another state can be expensive and complicated. Depending on your destination, selling your vehicle before your move may save you time, money, and stress.
Selling your car before PCS allows you to:
- Avoid shipping costs
- Avoid coordinating vehicle transportation
- Complete the paperwork before leaving the island
- Start your next assignment without vehicle-related concerns
Work With a Trusted Local Buyer When Selling Your Car in Oahu
When you need to sell your car in Oahu, especially before a PCS move, working with an experienced local vehicle buyer can make the process easier. A professional dealership can help evaluate your vehicle, explain your options, and guide you through the paperwork process.
CarMark Hawaii helps Oahu residents, including military members preparing for relocation, with buying and selling vehicles. Whether you are selling a financed car, upgrading your vehicle, or preparing for a PCS move, our team can help make the process simple and convenient.
If your PCS orders are approaching and you need to sell your car in Oahu, contact CarMark Hawaii today to explore your options.