The buyer/borrower should have a copy of the title, as it is needed to register the vehicle. The title will have the name of the buyer and the name of the company holding the lien on the vehicle.
You will generally owe the difference between the outstanding balance on the loan and what they were able to sell the car for.
To find the lien holder of a vehicle, the registered owner of the vehicle will have to apply for a duplicate title. The VIN will be necessary to obtain the duplicate title. The lien holder will be listed on the duplicate title.
As of 2013, the best way to determine if the department of motor vehicles has issued a salvage title for a vehicle is on the title it will state that it is a salvage title. A salvage title is a note that states that the vehicle has been damaged or deemed a total loss.
One of the sad truths about repossessions is that if the dealer resells your car but gets less on the sale than you owed him, you still owe him the difference. For instance, if you owe him $500.00 and he sells the car for $400.00, you still owe the $100.00 that was left on your loan. I know it sounds unfair but back several years ago he could reposses your car sell it for whatever and you still had to pay the full amount of your original loan. Most of the time they wouldn't come after people because it cost more than it was worth but today tagging your credit report is easy and cheap. So the only way to get it off of your report is to work something out with the dealer.
There is nothing to fight. The expiration date on a vehicle inspection ticket is a matter of fact. If it was expired, you owe the fine and there is no way out of it.
If you owe money on the motorcycle then the lender has a lien on the vehicle. You cannot sell it without the permission of the lien holder. You need to contact the dealer holding the loan and see if they can help you.
Generally, the lender keeps the title until the loan is paid. You cannot sell the vehicle without the title. The co-signer doesn't own the vehicle unless they are also named on the certificate of title.
Finny.PFinny Pathanottian By the way patthenooty, you still owe me a BUCK. Signed, N! \/ |@
No as long as you do not owe any money on the car and you are not going to drive the vehicle. Before you get into this project you need to be aware that you will not be able to purchase physical damage coverage on the car even when it is rebuilt. You will be able to purchase liability coverage after it passes a safety inspection by your state. At least that's the way it works here. All safety features must be installed just like it came from the factory including all airbags that came on it. The reason for this is that the vehicle is worth far less with a salvage title than a vehicle that has a regular title.
"WHO CLAIMS YOU STILL OWE HIM MONEY"???IF you don't owe him money, CALL an ATTORNEY asap. That's simple. IF you DO owe him money, paying it is the cheapest way to get your car back. MERRY CHRISTMAS
If a person's name is on a vehicle title, he or she is the owner. There is no legal way to have the name removed without the person volunteering to remove it.
The only way to get the title released is to pay off the lien. Most bank and finance companies will not release the lien until the loan is paid in full. if you are a good customer and have paid the lien as planned, they may release it if the balance is real low, but you still have to pay the loan.