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Yes you can. You can be listed as a lien holder on the title. But ... be certain that the buyer re-registers the car in his/her name ... otherwise you may be held liable, as the registered owner, for accidents and traffic violations. Make sure that the new title issued has the buyers name only, as the registered owner.

My son did this with a car he sold to a friend - until the car is paid off in full, the lien stays on the title.

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Q: Can you personally finance a vehicle to a buyer and retain the title until receiving full payment of sale?
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Related questions

How long after a missed car payment does the finance company repossess the vehicle?

The question is, "Why would you worry about a missed payment when you have interest in the vehicle?" The money that you used as your down payment and any payments you have made total your interest in the vehicle. Why are people running from the repo man when in fact you can place the finance company on notice that, if your interest is repossessed, you will file criminal charges in federal court against the finance company and get triple what the car is worth. I guarantee you they won't take it. You can also put a mechanics lien on the vehicle to protect your interest in it.


After 15 days can a company reposses your car?

can a finance company reposses your vehicle if you made your payment on the15 day


How many months without making a payment will the vehicle be taken?

The finance company has the right to repo a vehicle the day after the payment is due if it is stated in your contract. they usually wait till you are 30-60 days past due.


Can a towing company legally keep personally property in exchange for payment in IL.. is there anything I can do to get property out of the vehicle?

No, they cannot. Call the police.


Can a car dealer shut your car off if you miss a payment?

That's not going to happen. Unless the dealership is doing the financing in-house, they're already paid for the vehicle, via the loan you took out from the finance company to get the vehicle. It's the finance company you'd answer to re: the payment, not the dealership. Thus far, I've never heard of any such thing happening - miss a certain number of payments, and the finance company sends repossession agents to collect the vehicle. However, it's not beyond the realm of possibility - vehicles with systems such as OnStar can be shut off remotely, and, although I have yet to hear of it happening, it is possible that a finance company could request OnStar disable the vehicle.


Is it normal for a finance company to turn down an immediate 2 month payment offer on a loan that is 5 payments behind on a 6 year old vehicle?

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I am selling a car i haven't recived a payment in 3 months no contract there was a verbal agreement on payment dates what can i do?

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Can you return your car to lender if you can make a payment?

Yes, you can. The only problem is you have an obligation like a contract to purchase this vehicle. If you do not meet your obligation it will become a blemish on your credit record. When you attempt to buy another vehicle, creditors will see this blemish and it may cause difficulties in your next attempt to purchase a vehicle. You may be seen as not credit worthy in trying to finance an automobile in the traditional finance method.


In California does a finance company have the right to repo a car from a police impound when payments are not behind?

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If you still owe on your vehicle does insurance repairs check go to you personally?

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Defaulted auto loan and finance company does not want vehicle back how do you get the title?

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What are the loan rates for vehicle from Bajaj Finance?

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