2007-01-13 05:51:57 · 7 answers · asked by what's the hoopla 1 in Cars & Transportation ➔ Buying & Selling
You dont.
If the bank holds the title its not yours to sell!
2007-01-13 05:55:42 · answer #1 · answered by rodandalisonthompson 4 · 0⤊ 0⤋
Depending on what state you are in, you can sell the vehicle, but you have to pay the lienholder off before you can get the title.
In Indiana, if you do not have the title, you have to do a 21-day affidavit, stating that you will provide a free and clear title to the purchaser, or the sale is void.
Until the loan is paid off, the lienholder has interest in the car, and you can not complete any transaction until the lien is satisfied, and once it is paid off, it can take up to a month to get the title in.
2007-01-13 09:25:59 · answer #2 · answered by Robert S 3 · 0⤊ 0⤋
As Answer Member Furmanato advised, once outstanding liens are paid off--you will have the clear title or should the buyer accept the liens he pays them off for clear title.
2007-01-13 05:59:15 · answer #3 · answered by mypalnow2 2 · 0⤊ 0⤋
I bet you have the title with a lien on it from the bank you took the loan from!..when you find a buyer,meet at the bank and payoff loan...The banker will give new owner a lien release...deal done....
2007-01-13 15:43:58 · answer #4 · answered by studalicious 1 · 0⤊ 0⤋
if you sell it you have to take enough money to the bank to payoff the note to get the title
2007-01-13 05:55:29 · answer #5 · answered by furmanator1957 4 · 1⤊ 1⤋
TYou have too pay it off first.
2007-01-13 07:41:39 · answer #6 · answered by Anonymous · 0⤊ 0⤋
You cant
2007-01-13 05:54:35 · answer #7 · answered by Mrs. Brown 5 · 0⤊ 0⤋