Pay in full my car loan with my American Express card: good move?

JoeC1

New member
May 24, 2008
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I got problems selling my sport car, a Mazdaspeed6; 'cause is not paid in full I must find one with a good credit score or willing to buy cash (not easy in today's USA market) Price is around 20k.

I got married and my wife does not drive manual shift so I need one with automatic transmission. My plan is pay the car loan with my AMEX now, get rid of the lien holder and sell the car by my own. Once sold, use that cash to pay the AMEX balance.
 
Teach the wife to drive a stick and save yourself the trouble. You can teach a chimp to drive a stick in 15 minutes.
 
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