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If you are selling the car for enough cash to pay off the balance on the loan it is simple. Simply take the buyer with you to the lender and pay off the loan. You will get a lien release that you then take with you and the buyer to your DMV and transfer the car over to the buyer. If you are not getting enough to pay off the loan, then you have 2 choices. Ask the lender to allow the buyer to take over the payments, or pay off the loan with money from another source. You cannot sell the car without a lien release from the lender, so you must talk to the lender.
What else can I help you with?
How do i sell a wrecked car i still owe money on?
You cannot sell a car you have a loan on if the lender has a lien on the vehicle. You will need permission from the lien holder to sell the car. If the lender has no lien on the vehicle then you can sell it if you wish. The title will list any lien holder.
What to do when you sell a car with the title being in pawn?
If you sell a car with a lien on it, which is a title pawn. You must pay the lien off before the car is clear and you can get the title back.
Where can sell a used car when it's financed?
You cannot sell a car with a lien against it without getting a lien release from the lender. To do otherwise is illegal.
Can a dealership sell you a car with a lien on it?
The question should be. Should you ever buy a car with a lien on it. The answer is absolutely not, no, not if you are smart.
How do you sell your car with you being the leinholder?
How can you be the lien-holder of your own car.
How can i sell my car if a lien on it and the dealership is out of business?
To sell your car with a lien, first, contact the lienholder to understand the payoff amount and process for releasing the lien. You can sell the car privately, but ensure the buyer is aware of the lien; they may need to pay the lienholder directly to clear the title. Alternatively, you can pay off the lien yourself to obtain a clean title before selling the car. If the dealership is out of business, check if they filed for bankruptcy, as this could affect the lien status.
Can you junk a car without the key or a tittle loan?
You cannot sell a car for salvage unless you have the title with you listed as the owner with no lean on the car. If there is a lien on the car you cannot sell it without having the lien removed.
Can you sell your car if there is a tax lien on it?
In order to sell your car, you must pay off the lien to the IRS first, or find a buyer who is willing to pay off the lien. Only when the IRS has accepted payment can you or someone else receive Title to the car.
Do I inherit a debt if the car I bought had a lien on it?
It is illegal to sell a car with a lien on it. If it has a lien you will not be able to register the car in your name. The loan must be paid off and the lien released before you can actually own the car. You may have just got scammed.
What happens to a lien on a house after it expires?
The lain stays with the mortgage. And if the owner of the mortgage does not settle up with the lien holder that person cannot sell their house, car, boat or whatever the lien is on. They have to pay lien first or sell and before they get the money the amount of the lien will be deducted from total sell
What can you do if you bought a car at auction and got a title from the DMV with no liens then 2 months later a bank says they havea lien?
well if you have a clean title with no lien on it, then i say sell the car with that title there should be no problem what so ever. i need to know what happens if i sell a car with a lien on the title (auction car) but the lien does not pertain to me, can the car be successfully transferred to another person ? or what do i have to do to remove this lien ? email me - djhackstyle@hotmail.com
What happens if deductible isn't paid after car is fixed?
The repair shop can lien the car and sell it.
