We owe a car title loan company..can we sell the car?
2007-09-27 16:55:08 · 11 answers · asked by Anonymous in Business & Finance ➔ Credit
Yes, but the lien would have to be satisfied before actual title transfer took place.
2007-09-27 16:59:48 · answer #1 · answered by Property Doc 2 · 1⤊ 1⤋
Depends on the state you live in.
In states where you hold a restricted title, (restricted due to the lien) you can sell it, but you have to disclose the sale to the lien holder prior to or at the time of the sale and you have to disclose the lien to the buyer, and before the title can be transfered the lien has to be satisfied and released.
In states where the lender holds the title, NO.
2007-09-27 19:02:49 · answer #2 · answered by AZ2CO 4 · 0⤊ 0⤋
No. The Title Loan Company has the title to the car.How are you going to transfer the title ?
2007-09-27 17:01:04 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Oh dear! Sorry you can't except the lien is removed - it will not be removed unless you pay the car title company. That's the law.
RICHARD
2007-09-27 17:21:40 · answer #4 · answered by NETWORK ADMIN. 3 · 0⤊ 0⤋
Only if you use the money to pay off the car. You can't sell what you don't own.
2007-09-29 02:48:37 · answer #5 · answered by Classy Granny 7 · 0⤊ 0⤋
Yes, but to transfer title you'll have to pay off the amount owed.
2007-09-27 17:27:39 · answer #6 · answered by Judy 7 · 0⤊ 1⤋
No. Until the lien holder is satisfied and releases the lien there is nothing you can do with that title without their permission.
2007-09-27 17:04:37 · answer #7 · answered by janierenel 3 · 0⤊ 0⤋
Only if you want your a.s.s kicked. Until the lien is released, the car isn't really yours to sell.
2007-09-27 17:07:02 · answer #8 · answered by Anonymous · 0⤊ 0⤋
yes, but you won't get the TITLE until you pay it in full, and you'll have to explain that to the buyer.
2007-09-28 07:14:36 · answer #9 · answered by Anonymous · 0⤊ 0⤋
No, if you do you will go to jail.
2007-09-27 16:59:49 · answer #10 · answered by James Watkin 7 · 0⤊ 0⤋