2007-10-29 10:59:04 · 7 answers · asked by tolupoint 2 in Cars & Transportation ➔ Buying & Selling
Yes. The process will be different depending on who your lender is. If it is a local bank, then you and the seller would go to the bank and payoff the balance.
If it is with a company which you can not visit in person, you would need to call them and tell them your situation. They have step processes for you to follow in order to release the title, which mainly consists of obviously paying off the entire balance. Good luck and you can email with questions.
http://www.theautoevaluator.net/Resources.html
2007-11-02 04:56:18 · answer #1 · answered by The Auto Evaluator™ 7 · 6⤊ 0⤋
If the buyer is willing to accept a contract saying that you will deliver the title within a certain amount of time (usually 30 days), then you can do this. You'll be required to pay off the note and deliver the title within that time.
If you fail to do this, there can be serious repercussions, so make sure you're prepared to pay the note and deliver the title.
2007-10-29 11:04:48 · answer #2 · answered by Scotty Doesnt Know 7 · 0⤊ 1⤋
of course you can. You need to sell the car for more than the amount owed so that you can get the lein removed. If you're upside down on it, then you're kinda screwed unless you trading it in at a dealership where they can roll the balance into your new loan... which is a bad idea btw.
2007-10-29 11:09:22 · answer #3 · answered by Anonymous · 1⤊ 0⤋
yes the easiest way is for you and the buyer to go to the bank or lending institution where that you have the loan through and tell them what you are doing the buyer will hand over the money for the car + tax depending on the state (has to be more than what you owe on it unless your putting money in on it to.) you get to keep what ever amount is over your payoff amount. buyer will then sign papers allowing the car to be put in his or her name and will get title in the mail in a couple weeks.
2007-10-29 11:24:49 · answer #4 · answered by shadow765 2 · 1⤊ 0⤋
Yes and it's easy. Complete the transaction with the buyer at your bank and let the bank officer handle the title paperwork.
2007-10-29 12:36:48 · answer #5 · answered by mccoyblues 7 · 2⤊ 0⤋
yes you can, but i don't think thats a good idea...it complicates things
2007-10-29 11:09:08 · answer #6 · answered by kuki 2 · 0⤊ 1⤋
Don't email "Brandy".... he's a Nigerian scammer.
2007-10-29 11:22:59 · answer #7 · answered by Anonymous · 0⤊ 1⤋