<prompt> Human: Im in need of some advice. I bought a new car back in March. Last week, I accepted a job in New York City and will no longer need said car. In fact, owning a car in New York seems to be a lot more hassle than its worth. The problem Im facing is that I owe about 21k on it and Edmunds says I should expect to get a little over 18k for it if I sell it to a dealership. So do I keep it and continue to eat the payments while putting little to no mileage on it, hopefully slowing the depreciation? Do I rent it through Turo or something enough to pay forsubsidize my payments? Sell it to CarMax or a dealer and eat the loss?Thanks in advance for any helpAssistant: Why would you trade it in, especially if you arent buying another car? Youre much better off taking nice photos of it, cleaning it up, and posting it on Craigslist, Autotrader, etc. to sell it privately. You definitely want to get rid of the car. Going to Carmax is good for at least getting a baseline and a last resort price. So, if Carmax offers you 17,000 for the car, then you know that if anyone on Craigslist gives you a hard time, lowballs you, etc. then you can just thank them for their time and move on. If Carmax offers you 17,000 today for it, theyll offer you the same next month.So, sell the car. This way, you arent chasing its depreciation, paying for parking and maintenance and insurance, etc.Human: How can I sell the car privately if I dont hold the title? Honda Financial holds the title so I have to pay them off and get the title after, right?  <response>: You list it. When you sell it, you, your purchaser, and whomever is financing the car meet at a bank or the dealership, or somewhere trusted.Your purchaser gives you the money. You take the money, give it to whomever is representing Honda Financial, along with any gap between purchase price and whats owed on the title. They clear the title how this is done will vary a little bit by state so that it has no lienholders on it and give it to your purchaser.Call up Honda Financial and ask what their preferred method is. Some finance shops like to do the transaction at their office, so they can ask While youre here, why not get the car inspected, oil changed, and detailed? and build a relationship with the new owner. 