2007-08-25 06:24:45 · 9 answers · asked by limast36 1 in Cars & Transportation ➔ Buying & Selling
you can't
2007-08-25 06:27:27 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Not too sure if you can do that, but a viable option would be to get a personal loan for the amount owed, then satisfy the loan on the vehicle, and then sell the vehicle. After selling the car for the amount borrowed on your personal loan, take the funds and satisfy the personal loan. It basically sucks because in the end you have no car and no funds, but if the car is a moneypit it may be your only option.
2007-08-25 13:31:51 · answer #2 · answered by CHYEA 1 · 0⤊ 0⤋
Bottom line is you can't. If there is a loan, you don't own it, the finance company does until it is paid off and you get a lien release. And with a loan you don't have a clear title, the bank or whatever is named as the legal owner.
Best bet, pay it off and get the lien release in so you have a clear title, then sell it.
Is it possible otherwise? Yes, but complicated. You would have to have the permission of the legal owner, and even if they gave permission, the buyer would have to wait on the title after paying you the money.
2007-08-25 13:31:19 · answer #3 · answered by oklatom 7 · 0⤊ 0⤋
Don't listen to anybody accept Bostonianinmo. He is right and it is done thousands of times every day. Use the money that the buyer gives you to pay off the vehicle and go to the lien holder,(bank you got the loan from), and he Will sign the release papers.
2007-08-25 14:38:36 · answer #4 · answered by Dave C 2 · 0⤊ 0⤋
Pay the loan off with the proceeds from the sale. It's done thousands of times every day. You go to the bank together, pay off the loan and the buyer gets the lien release from the lender along with the title.
2007-08-25 13:36:25 · answer #5 · answered by Bostonian In MO 7 · 0⤊ 0⤋
take the person down to the bank or wherever you owe the money at and have them take over payments or I guess you can pay it off but i guess you cant do that since you asked this Q........
2007-08-25 13:33:54 · answer #6 · answered by Anonymous · 0⤊ 1⤋
i'm not sure, but i think this site has the answer to this particular question. they've got lots of stuff about this anyway.
2007-08-25 13:38:55 · answer #7 · answered by Anonymous · 0⤊ 1⤋
YOU CANT AND ONCE AGAIN YOU CANT, OKAY.
2007-08-28 15:53:25 · answer #8 · answered by Anonymous · 0⤊ 0⤋
you can't
2007-08-25 13:30:04 · answer #9 · answered by Anonymous · 0⤊ 1⤋