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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.
What else can I help you with?
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.
Are you a private party selling a car?
No, I am not a private party selling a car.
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 !
How do I sell my car to a private party?
To sell your car to a private party, you need to advertise it, set a fair price, prepare the necessary paperwork like the title and bill of sale, and arrange a meeting for the potential buyer to inspect and test drive the car. Once you agree on a price, complete the sale by signing over the title and transferring ownership to the buyer.
How can I sell a financed car to a private party?
To sell a financed car to a private party, you need to first check with your lender to see how much is left on the loan. Then, you and the buyer can agree on a price that covers the remaining balance. The buyer can pay you directly, and you can use that money to pay off the loan and transfer the title to the new owner.
Someone who is paid to drive a private car is?
A Chauffeur is a person that drives a private car for someone.
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.
How can I effectively sell my car to a private party?
To effectively sell your car to a private party, you should first determine a fair price based on its condition and market value. Then, advertise the car online with clear photos and detailed information. Be honest about any issues or maintenance needs. When meeting potential buyers, be prepared to negotiate and have all necessary paperwork ready for a smooth transaction.
