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You cannot sell a car with a lien against it without getting a lien release from the lender. To do otherwise is illegal.
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∙ 15y ago
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How do you sell a personal financed car?
repossession
You want to sell your financed car; but how does the transferring of the title work?
Contact your lender.
Why would a bank sell someone's car?
Because the bank owns the car. The person that financed the car did not pay the bank.
Can a used car dealer charge more for a car if you financed it?
Yes, he can charge more and most do. He can sell the car fro whatever price he dictates. You can also walk away from this deal. It is your choice.
What do you do with a financed car when you have to move abroad and can't keep paying it?
Sell it and pay your lender!
How can you be removed from legal ownership of your sons car that you financed through the dealership?
If you own the car, sell it to him for $1. That should solve your problems.
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 !
Can you register a financed car?
You can, should, and are legally required to register a financed car.
My car is financed but is beyond repair an I need to know if I c an I sell it to a salvage company?
If your car is financed you cannot sell it to a salvage company. Even if the car is beyond repair it does not technically belong to you until you have finished paying for it. Once you pay the finance company off you can sell it to anyone you please. The salvage company won't or shouldn't purchase that vehicle without a clean title.
Can a judgment creditor take my fully financed car?
Not if it is 100% financed or on a lease. A judgment creditor can force you to sell it for its market value, pay the lender what is due on the loan and take the rest.
Is it illegal to scrap a financed car the dealership did not want?
I'm not sure what the "dealership did not want" has to do with it but it is always illegal to sell anything that is financed. This is called "Selling of mortgaged property" and I believe is a felony
Where could you sell used car parts?
You can sell used car parts at a car show/swap meet. Alternatively, you can sell used car parts on craigslist.
