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What else can I help you with?
Are you a private party selling a car?
No, I am not a private party selling a car.
What are the steps involved in selling your car to a private party?
The steps involved in selling your car to a private party include: determining the car's value, preparing the car for sale, advertising the car, negotiating with potential buyers, completing the necessary paperwork, and transferring ownership of the car.
What does a lien on a car title mean?
The lien holder (PERSON OR FINANCE COMPANY THAT HAS AN INVESTMENT INTEREST IN VEHICLE) must be paid off prior to you selling vehicle to another party.
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 do you buy a used car from a private party if it's still being paid off?
There will be a lien on their title from their lender. You need a title in your name with them only as the lienholder. Unless you are paying cash, then there would be no lien on your title.
Is it illegal to sell a car with a lien on the title?
Yes of course it is. Unless it is the Lien Holder selling the car or if the payment is being made directly to the lien holder.Selling a car with a lien just because you have the title (Liened Tile) in hand is wrong and very unlawful even if the buyer knows it has a lien.Do not give cash to someone selling a car with a lien, that is also illegal if you know they are not the lien holder. If the seller has a problem with you paying the creditor directly they are probably a crook!
How do you sell a car if the money from a private party will be used to cover what you owe on the title?
Take the buyer & title to the car with you to the lender that holds the lien on the vehicle. Use the money he is paying you to pay off the loan and get a lien release from the lender. Sign the car over to the buyer at the lender's place of business. Take this lien release and the title with you and the buyer to your DMV, and transfer the car into the buyer's name.
What are the steps involved in selling a car private party?
The steps involved in selling a car privately include preparing the car for sale, determining a fair price, advertising the car, negotiating with potential buyers, completing the necessary paperwork, and transferring ownership to the buyer.
Can someone give you a car and put themselves as lien holder when no money is owed?
If you agree to it, then yes. In some situations, the selling party may file a lien to prevent the vehicle from being sold to a party with whom he does not agree. Additionally, if the original agreement is that the vehicle will revert to the original owner rather than be sold, the seller may file a lien to prevent the sale and ensure the return of the property.
Can you get in trouble for selling a car to private party that you still owe money on?
I recently sold my dirt bike to someone and I still owe on the loan. Can I go to jail?
What if someone sells a vehicle with a lien on it can the buyer have it taken away?
If he pays off the lien yes. If not, then that vehicle is pretty much owned by the lien holder too! it doesnt make sense selling car
does my car have a lien?
does my car have a lien?
