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In most cases, no. It is done all the time. Consider that when someone trades in a vehicle that is still owed on, they are in effect selling the vehicle to the dealership. That the dealership writes the loan for the new car, and transfers the unpaid balance of the first to it, means only that the dealership bought the car, but the buyer of the new car (the former owner) paid for it.
Additionally, when the vehicle is sold, before the lien holder will release the title, the unpaid balance must be paid.
What else can I help you with?
How can I sell a vehicle in Texas that has a mechanic's lien?
Either pay off the lien and then sell the vehicle, or sell the vehicle and use the money to pay off the lien.
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.
How much can a vehicle be sold for once a lien has been secured?
If you have a lien on your vehicle, you can sell it for any amount. The vehicle is still subject to the lien which means that the purchaser can lose the vehicle if the lien holder collects on it.
Who owns the vehicle you or the lien holder?
Well, you own the vehicle subject to the lien. You cannot sell or refinance the vehicle until the lien holder is paid. If you don't pay the lien, the lien holder can repossess the vehicle. So you own it subject to your paying the loan.
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.
Is it illegal to sell a jet ski without a title?
no it is not illegal to sale it with out the title as long as it is in you name and there is no lien on it and you can get a title for it.
Can you sell a vehicle with a lien on the title?
Legally No. How can you sell something you do not own. As long as there is a lien, you do not own the vehicle outright. Go see the lender and get a lien release, if you no longer have a loan on the vehicle. Remember the lender is part owner of the vehicle until you make that last payment. If you clear the lien buy using the proceeds from the sale, you can guarantee a title within 30 days (required by law) to the new buyer. The lien holder will then release the title.
How long after repossession of your vehicle does the lien-holder have to sell the vehicle?
Forever Adding: I believe the questioner may actually mean to say - does the lien holder have to wait to sell it. Perhaps he doesn't understand that after repossession, it is then "their", that is the lenders, vehicle.
Is it illegal to sell a vehicle with eletrical problems?
No.
Does this vehicle have a Lien on it?
Does this vehicle have a Lien on it?
Can shop put lien on car if im still payin on it?
In most states a shop can put a mechanic's lien on the vehicle whether you are still paying the note or not. This means that you cannot sell the vehicle until you clear the lien.
Can a tow company sell a vehicle without a pink slip?
In most states, a towing company can sell a vehicle without a pink slip or its title. However, the towing company, in most states, has to first file a lien on the vehicle for the fees of towing and storage. After the term of the lien expires, the towing company can get a title for the vehicle and sell it legally.
