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Contact the company that has the loan for the car to find out the "payoff amount" which will be the amount needed to pay off the rest of the loan. Then talk to them as to the best way to arrange to pay this off.
You will need to get them this money, and get them to provide you with the title (or a lien release form, depending on your loan company). At this point you own the car and can sell it to someone else.
It is often possible to arrange ahead of time with them to meet the new owner at a bank and have them write one check to the bank to pay off the car, and another to you for any amount over the amount needed to pay off the car. Then the bank provides them with the title to the car.
Contact your loan provider and they can walk you through the process.
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∙ 16y ago
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If someone buys a vehicle from a private party and is making payment to said party how does he get tags on the vehicle?
The private party needs to pony up and give you a title with a lien that has his name on it. Then, when he is paid off, he would give you a paid in full receipt where you could go remove the lien from title. The lien protects him from the possibility that you would sell the car without giving him what he is owed AND removes his liability should the car be involved in an accident.
How many cars can a private party sell per year in Oklahoma?
You can sell 1 car. If you sell that 2nd car you are considered a used car dealer and required to get a used car dealers license.
How much should I pay tax at DMV when sell used car?
If you are the "private" seller you do not collect sales tax. If your states requires sales tax to be paid on a private sell then the DMV will collect it when the buyer registers the car.
Documents needed to sell used car to private party?
Bill of Sale Mileage statement Title
Is it illegal to sell a salvaged car to a private party without disclosing it in California?
Yes. It leaves you open to lawsuits.
How do you sell a car that is still financed to a provate party?
Legally you can't ! The car belongs to the finance company until it's paid off !
Should I sell my car to a dealer or private purchaser?
In general, most will agree you can get a higher price if you sell direct to a private party. However, if you don't want the hassle or are concerned for your safety, a dealership may be a better option.
Someone who is paid to drive a private car is?
A Chauffeur is a person that drives a private car for someone.
How do you sell a totaled car in NC only had liability insurance?
Basically you just sell it as-is with a salvage title. You can sell private party or to a junk yard as any older car is more valuable parted out (granted was taken care of prior to the wreck).
Is it legal to knowingly sell a vehicle with no exhaust system in Oregon withouout notifying the buyer in a private party sale?
no it is there job to check out the car
How long after a car sale can a private party buyer return the car?
After a car sale, a private party can return the car within thirty days. This return policy is dependent on the individual seller.
If you have rightfully repossessed a vehicle from a private party sale in the state of Virginia can the guy you sold the car to sue you for money he has paid on the vehicle prior to repossesion?
This is best answered by referring to the language of your private sales contract.
