Yes, If you are trading in your car, or selling your car, to a car dealership they will payoff a leinholder in the process.
went to a car dealership where I bought a car because I had a accident the insurance pay off the car but the dealership will not give me my payoff --- Contact the loan company.
Than the sale is incomplete
IF there is a LEINHOLDER on ANY title, it belongs to the LEINHOLDER.
How can you be the lien-holder of your own car.
It should show up on the title.
You could try but I doubt you would prevail. What liability do you think the leinholder has in the accident? You need to sue the driver of the car that hit you.
Leinholder if any will be on registration.car has no registration
No, you can not sell a car that doesn't belong to you and that you don't have a title to. If you are still paying for a car, the leinholder will have the title. The car won't be yours until you pay for the car in full and the leinholder signs off on the title and gives it to you.
NO!
Slightly confusing question. If YOU are the leinholder, why is the bank trying to repo the car? Why does the bank not know the laws of repossession in MI? If you(the leinholder) are trying to repo the car, CALL your attorney. You will need her/him to perform this LEGALLY.MI and CANADA are NOT good places to LEARN the repo business for beginners. Good Luck.
the question is how you are trying to sell the car. if you are selling the car to a dealership they will give you most likely the whole price, which in the end effect will mean that you ill owe too much money. however, if you sell the vehicle to an individual than you can ask him the current value outside, which is more than whole price. so, in both ways you can sell the car, but depending how much your exact payoff is? if not clear...email me back...
Talk to the lender about this.