Someone own a car and want to sell it trough ebay. But he own money to the financial institution. Does that person have the rights to sell the car without having his Title in hand?
2006-09-14 11:03:56 · 11 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
If you do sell it that way, you're quite likely to do time.
2006-09-14 11:31:31 · answer #1 · answered by DelK 7 · 0⤊ 0⤋
I do believe that if you receive funds that exceed or equal the amount you owe on the loan then pay off the loan it is then completely your car and the title would be sent to you and the person that purchased then owns it. Remember funds before merchandise is handed over.
2006-09-14 11:09:14 · answer #2 · answered by cargrl 3 · 0⤊ 0⤋
your financial institution will have to sign the title to release it when you sell the car. Best bet is to call them and ask what their procedures is for selling a car in which they are the lien holder.
2006-09-14 11:07:13 · answer #3 · answered by fireproof 3 · 0⤊ 0⤋
Yes. But, in order to get the title, you will have to pay the finance company off, so the title can be signed over to the new owner. If you do find a buyer, it is best to let him know that you have to pay off the finance company. You might have to consider meeting the buyer in the finance company office so he can pay with a certified check. In most states, both seller and buyer have to sign the title before a notary.
2006-09-14 11:07:58 · answer #4 · answered by regerugged 7 · 1⤊ 0⤋
No, it's not legal to sell a car unless you have the title in your own name.
2006-09-14 11:06:38 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I know that if you are selling it in a personal ad you can tell them that they are buying it and taking over the remaining payments due. As for selling it on eBay I think that you should look into there regulations or you can email them and ask them if you can list it as taking over payments. Hope this helps.
2006-09-14 11:08:02 · answer #6 · answered by Erika O 2 · 0⤊ 0⤋
to make sure that them to launch call, they ought to be paid off. Written contracts are needed right here between you and the customer of your automobile and then the owner of the bigger automobile and your self. call Honda economic and spot what they propose. they are in a position to deliver the call to an area Honda dealership for one in all their persons there to do a signature launch once you and your customer circulate there with the money in hand? undecided, in spite of the undeniable fact that it sounds solid besides. First step is to call the economic place...they are in a position to furnish you a payoff quote and particular direct you as to what to do next. solid success!
2016-10-15 00:18:55 · answer #7 · answered by Anonymous · 0⤊ 0⤋
You have to contact the company, get a payoff, and then get them the money so they can send the title out.
2006-09-14 11:06:52 · answer #8 · answered by Anonymous · 0⤊ 0⤋
No.
Cos otherwise you could just go around selling other people's cars..
2006-09-14 11:11:02 · answer #9 · answered by Truth speaker 2 · 0⤊ 0⤋
Only if you pay it off and get the title'or the other person takes over the loan.
2006-09-14 11:09:06 · answer #10 · answered by mike j. 1 · 0⤊ 0⤋