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You cant sell a car with a lien on it unless its over 10 years old and you sell it as scrap using a bill of sale. The lienholder keeps the title until it is paid in full and then you get the title. You still have to pay the loan off even if you sell it for scrap because you are actually selling something that doesnt belong to you. You can get in a lot of trouble doing this as it is considered theft.
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 legal trouble can you get into for selling a car for parts but has a lien on it?
A lot. Legally whoever has a lien on the vehicle owns the rights to it until your loan/balance due is satisfied. You have no legal right to sell the car in the first place because you do not own it and would have to be an utter fool to do this.
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 do you fight a repossession on your car?
The best way is to try to negoitiate with whomever holds the lien on the car or try to refiance the loan if possible. These people don't usually want your car, they want the loan to be repaid. It's not legal to sell a car with a lien upon it, but you might be able to sell it in order to repay the loan and perhaps end up with something.
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 if i buy a car with a lien title from the owner?
A lien title means that the car has a loan against it. If you do not have a "clear" or non lien title, the lender who hold the clear title can and does have the right to get the balance of the loan from you. The purpose of the lien title is to enable the car buyer to get the legal requirement for driving the car from the state. It's like renting the car in essence; the lien title is almost like the lease agreement for an apartment.So if a lien title is all there is...don't buy the car. It's not his to sell.Somebody has to settle the lien before you can legally own or register the vehicle.
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
