My son is in the military in Hawaii. He would like to sell his car , but it is not paid off yet. Does he need the Title in hand before he tries to sell?
2007-03-26 00:04:25 · 5 answers · asked by BUmaintman 1 in Cars & Transportation ➔ Buying & Selling
when he bought the car there should have been a title sent to him. on that title there was a place indicating that there was a LIEN... by the bank that he borrowed the money from...
He can sell the car... and when the bank gets their money that is owed...... they will send a Lien release..... freeing the car of their claim on it...
and the buyer if they get a loan.. will have a lien placed on the car by the lender they used.....
hope this makes sense...
2007-03-26 00:09:57 · answer #1 · answered by Boomer 2 · 0⤊ 0⤋
you're saying the identify bought stolen, inspite of the undeniable fact which you may constantly bypass to the DMV and get one greater reproduction. there is not any particular approximately moving identify, the two you in all possibility did or you probably did not. You knowingly bought the vehicle to the boyfriend devoid of the identify being worked out. It in all possibility time to speak to an lawyer to look what variety of undertaking you possibly in. i'm no lawyer, inspite of the undeniable fact that i might discern that is considered fraud. in case you sell a vehicle, you may not say however if or now not they are able to or are actually not waiting to rigidity it. i'm alongside including your mom's boyfriend, you seem such as you ought to hold the vehicle until eventually you get the identify..yet I discern you do not choose to reimburse the money. How can he have confidence you at the instant, understanding you offered him a vehicle which will ought to have been unfastened and sparkling? And your chum...The registration is in his/her call and that i think that they are reliable in basic terms if your mom's boyfriend gets into an twist of destiny. If the law enforcement officials are going to get noted as..i might call an attorney quickly to be certain what your options are and be certain the type you will ought to respond. .
2016-10-19 22:58:32 · answer #2 · answered by dusik 4 · 0⤊ 0⤋
I don't see how anyone can sell a car without the Title.
I certainly wouldn't buy from someone that didn't have the Title transferred over to me upon finalizing the sale.
2007-03-26 00:14:51 · answer #3 · answered by GeneL 7 · 0⤊ 0⤋
Not 100% sure where you are, but here you can sell it and give receipt, then pay off with money from sale, then sign over to new owner, or sell for cash and take over payments, where new owner arranges for financing with same or new finance company.
2007-03-26 00:18:18 · answer #4 · answered by Heather 3 · 0⤊ 0⤋
Pay to the bank in full & final settlement & take the ownership.then u can sell
2007-03-26 00:15:41 · answer #5 · answered by shweta - 3 · 0⤊ 0⤋