I am ready to sell in the next few days...The Finance Company is telling me it could take up to a month to receive the title...
2007-11-03 15:27:22 · 5 answers · asked by jonesesfly 1 in Cars & Transportation ➔ Buying & Selling
I live in Maryland and I am thinking of trading the vehicle in at a car dealer in the state of Ohio...do you think the car dealer will be able to contact the finance company and request the title?
2007-11-03 15:49:05 · update #1
The finance company is jacking with you. Once you request it they have to send it out and it shouldn't take any more than 7 business days.
Yes, you can still sell the vehicle, the person you sell it to will have to request a copy of the title and you can sign it over to them.
2007-11-03 15:31:48 · answer #1 · answered by vamedic4 5 · 1⤊ 1⤋
Why should it take them so long to give you the title?
It is possible to sell the car, but most informed/experienced buyers will ABSOLUTELY NOT buy a car from a seller who doesn't have a clear title. I know I wouldn't touch it. Could be stolen, could be not paid for, could end up getting repossessed, and at the very least it will be a pain in the *** to get the DMV paperwork sorted out.
How much of a hassle it is for the buyer depends on where you and/or the buyer live. Procedures for getting new titles/registrations vary by state.
Wait until you have the title. Without it, you will have to accept less money for the car, if you can even find a buyer at all.
2007-11-03 22:33:07 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I don't know where you live, but in New York, you get the title with the car. The bank or finance company has a lien against the title, not the actual title. It should not take them a month to provide you with a release of that lien, which you need to be able to pass the title to a new owner. Tell them this, and tell them that if you lose a sale and lose money because of their unreasonable delay, you will hold them financially liable for your loss. Of course, you would have to prove that you suffered a loss. But don't give the car to anyone until you have the title and/or lien release.
2007-11-03 22:40:20 · answer #3 · answered by curtisports2 7 · 0⤊ 0⤋
I can`t imagine anyone paying for it without getting a title in return now.
2007-11-03 22:31:56 · answer #4 · answered by harryb 5 · 1⤊ 0⤋
In my state, North Carolina, I believe DMV has a form that you can complete...you may wish to check with your local DMV office
2007-11-03 22:36:09 · answer #5 · answered by emmylou1951 2 · 0⤊ 0⤋