2007-06-11 12:43:38 · 3 answers · asked by Niko Mondavi 1 in Cars & Transportation ➔ Insurance & Registration
You take the money order or certified check to your bank and pay off the loan hopefully you will have some money left to get a cab ride home. Then your bank with the new owners name and address will mail the title to there lending instutition until they pay off the loan or direct to the new owner if they came with cash.
Don't forget to ask for a payout where they refund any interest left unpaid on the existing loan when you pay the ballance in full. happy days .... Now what do you want to buy?
2007-06-11 12:53:19 · answer #1 · answered by John Paul 7 · 0⤊ 0⤋
You or the new owner has to pay the lending institution and they will then release the title. Ask for a ten day payout so that you don't have to hit a moving target every day you wait to pay them.
2007-06-11 13:36:26 · answer #2 · answered by Anonymous · 0⤊ 0⤋
pay you debt first, then transfer the title
2007-06-11 12:46:26 · answer #3 · answered by CESAR ANTHONY B 1 · 0⤊ 0⤋