2006-09-18 09:02:17 · 7 answers · asked by anonymoususer987876 3 in Business & Finance ➔ Personal Finance
Yes, you can sell the car but you will have to pay off your loan to get the title.
Example: If you owe $2000 on your loan & you sell your car to Bob down the street for $4000. Bob will have to pay "loan company" $2000 & you the other $2000.
2006-09-18 09:13:17 · answer #1 · answered by amee2you 3 · 1⤊ 0⤋
1
2016-09-26 16:00:40 · answer #2 · answered by ? 3 · 0⤊ 0⤋
Think. To secure a loan with your car you would have to surrender title. How do you sell it without title. Who would buy it?
Why think of ways to be criminal it is easier to be honest.
2006-09-18 09:05:12 · answer #3 · answered by Anonymous · 0⤊ 1⤋
not until you pay your loan off. When it is secured by your car, house, or whatever it is basically loaned out to someone else until you finish your payoff.
2006-09-18 09:05:58 · answer #4 · answered by Scooba22 1 · 1⤊ 0⤋
Np likely my dear.. you have basically told the back you own my car and are letting me drive it until I repay this money. I am sure you have to sigh some papers transfering the title or at the very least issuing a lien against it.
2006-09-18 09:11:04 · answer #5 · answered by limgrn_maria 4 · 0⤊ 1⤋
I WOULD THINK TO SELL MY CAR MAKE SURE THE LOAN IS SECURED....................................................
2006-09-18 09:09:53 · answer #6 · answered by fonzie242002 2 · 0⤊ 0⤋
Not if there is a lien on the title. The lien must be cleared first.
2006-09-18 09:05:10 · answer #7 · answered by luckyaz128 6 · 0⤊ 1⤋