Overhaulin'
Sell A Car With A Lien Knowledge Base
how to sell car with lien? Car value is listed at $9,200.00. I owe financing company $3,200.00. I can not pay off car loan without money from car sale, but I can not get or transfer title until I pay off. Is this a catch 22, or is there a way around it?
How do you remove a auto title lien .? My Fiance bought a car In NY , 8 years ago . The title had "One lien recorded" on the actual title. She has had the car registered in her name since then with no problem. I believe what happened was the prior owner had a loan on the car and had either paid it off when he sold her the car or possibly before. So here is my question. #1- Was the seller in NY legally allowed to sell the car with the lien still printed on the title? #2- Since we no longer live in NY and have no way of contacting the seller how is this resolved?
How do I sell a car with a lien on it? I owe 5k on the car, selling for 9k, I am a private seller selling to a private buyer who is paying 9k straight up. Finance company is Honda Finance. How do I sell to private buyer. Thanks.
Should I sell a car with a lien to purchase a newer car? I have 2 cars that now both have a lien on them. A 2000 Chevy Malibu and a 2003 Buick Le Sabre. We were on hard times and had to borrow a personal loan from the bank at one time, thus the Malibu went on the lien too. My question is if I do sell the cars, do you think it would be more profitable by selling both to pay off the lien and give me a down payment on another car or should I just pay this off first before considering a new car? Also, how does that process work?
Can I sell a financed car for less than balance owed? Sell a car with bank lien on it? I have a car with a lot of mechanical issues (2002 Olds, Alero with 104,393 miles on it). Have already spent over $2000 this year in repairs and want to get rid of it, however I would rather sell it than surrender it to bank if possible. Only issue is that I doubt I can get what I owe for it (less than $3000). Is there a way I can sell it with balance owed or bank lien on it and pay off balance myself?
How do I sell a car with a lien holder through ebay? I would like to sell my car in a national auction on ebay. My car has a lien with VW credit. What process should I follow to sell this car, get the finance company paid and transfer the title to the new owner? Since everything is done online how can confidence and trust issues or problems be avoided? Thanks,
How do i sell lien car if its not under my name? i traded a civic shell for a running nissan 300zx i got the car only with the bill of sale no pink slip. later when i tried to register it i couldnt because the car was on a lien sale. the guy who i got it from got the car from some other guy (witch i dont know). this guy got it from an impound so the car was on a lien????? im lost i just want to sell the car but its not under my name can i do that? i have the bill of sale can i sell it? please help i would really help me alot thx...:)
someone fool me with a lien car. how do i sell it? i bougth a car in may 2006, but i didnt speak english very well and i didnt see the car had a lienholder. now i wanna sell the car and i can't. but i never own money to anyone, was the previous owner or someone that fools me. what should i do to get it registred and able to sell? do you think the bank is gonna give me a lies satisfied? thank you! and worst... i tryed to find the guy who sold the car for me and he dont answer the phone. i'll probably have to do everthing by myself
can a used car dealer sell a car with a lien on it? I just purchased a car from a used car salesmen, according to the Auto-Check Vehicle History Report - this is what is says, " Loan/Lien Vehicle Use and Event-Check A loan/lien is the legal right to take and hold or sell the vehicle of a debtor as security or payment for a debt. Normally, a vehicle will have a lien due to a loan or unpaid repair bill against the vehicle. Check with the seller to ensure that the lien has been satisfied." Does this mean there IS A LIEN?
How do I sell a car with a lien on it from a title loan company? The car is worth $18,000... The title loan only $4,500. Can I get a buyer to meet me at the title loan office so that they may be confident this is not a scam? Is there something a title loan company can do to note that the lien is paid in full? Does the buyer have to pay cash? Or can they finance it? Will the bank or the buyer wait to get the title back?
Is it illegal to sell a car with a lien on the title? I recently bought a car from a very bad business (Triple J Auto Sales LLC). I went to the DMV to put the title in my name, and that's when I found out that it had a lien on it. I don't know how much it is for yet, but I'm pretty sure that they broke the law when they sold it to me. I can sue the bejesus out of them, can't I? If so, what kind of lawyer should I get?
Is it legal to sell a car without disclosing a Lien Title? seller did not disclose to the buyer that the cars being sold with Lien on the Title If not what crime is the seller guilty of?
How do I sell my car with a lien on it? I have a 2001 Ford Escort ZX2 in which I owe about $1,600 on it still. We don't need the car, so what would I need to do in order to sell this car?
DAUGHTER WAS SOLD CAR WITH LIEN STILL ON TlTLE, WHO IS LEGALLY RESPONSIBLE? My daughter was home on leave this past spring and bought a used car from a private indivudual. He signed over the title, and she went to the DMV to register it. She then returned to Virginia with the car, and I was going to forward the title to her when it came in the mail in her name. She had been back to VA about a month when she found a stick shift car (same make, but less expensive), and the dealer traded cars, and just gave trust that she would give him the title when it came in the mail. We never got it, because there is a lien still on it.. The individual she bought the car from is going bankrupt, so now she cannot get the title at all. She did nothing wrong on her part. Is the dealer responsible to deal with the lien holder, or "previous" owner? Wouldn't the DMV have been able to tell if it was a clear title or not? Who's to blame here, and what could be the outcome of this whole situation? She is only 19, and 1st time doing anything financially on her own.
How do I sell a car with a lien when I owe more than its worth and I have a cosigner? My mother is willing take over payments on the car but how do I make her responsible for it if there is a late payment without out right selling to her and making her take out a loan to buy it? Is there anyway to transfer it below the banking level? My grandmother is the cosighner and doesn't care if I get rid of it.
Can I transfer/sell a car lien? (not a lease, a US lien)? Right then, I've had it with my wifes car in the US, she's moved here and now I'm still paying for a Mazda CX-7 sitting over there bought on a lien. I know you can transfer a lease, but a lien? I don't care about what I've spent on it to date, I just want rid of it and let someone else pay for the remainder of the lien. There must be a way, otherwise I'll get it repo'd and pay off the remaining balance, which is still painful. I'm UK and live in the UK btw, so everything's being done rather remotely
Can a dealer in IL sell a car when a lien is still on the vehicle? Ok here is my situation. I went and bought a car in IL and waited for the title to be sent to me. After contacting the dealer many times there like its going to take some time because the previous owner had a lien on it. So they had to send the title to the bank with the lien. What i am wondering is it legal in IL for a dealer to sell a car when a lien is still on it by the bank? i wouldnt think they could because its not theirs yet? Any information is appreciated thanks Heres my situation. I bought a preowned car in IL. I wanted to take it back to my home state of SD. I waited over a month for the title and still hasnt showed. Finally the dealer said it had a lien on it and would take extra time. What i am wondering is, is it legal in IL to sell a car at the dealership when there is a lien from a bank on it? Dont they have to wait until the title clears and is signed off from the bank to actually put it on there lot? any help is appreciated thanks
Can you sell a car with a lien on it? My boyfriend bought a car about a year ago. He has a lien on it and is paying it off. He now has a company truck and doesnt need his car, so he wants me to drive it. I would like to put the insurance in my name because its like 80 percent cheaper than his is. I know in order to do this he would need to sell me the car for a dollar so i can register and insure it under my name. But I dont know if its possible for him to sell it since he has a lien on it. What can i do?
How do I sell my car that has a lien on it? I'm trying to sell my car to a guy that lives about 5 hours away from me. I currently have a loan on the car, so it does have a lien on the title. My bank is telling me that it takes 4 days to process the payoff and get a lien release. How do I go about getting this all to work out within one day so the guy can take the car home with him?
Can I sell my car that has a lien? I have a car with a lien of about $18,000.00. I want to sell it but it's been in 2 car accidents so I will probably sell it for $10,000.00. Am I able to sell the car for $10,000.00 even if it means I will still have a $8000.00 lien on it?
Selling car to third party with lien? I would like to sell my car for which I own the title to my friend. Since it is a old car, no bank is willing to give loan. I would like to place lien on this car till he pays up in full. How do I place lien on the car? I am planning to move out of the country permanently and I may not be present physically in the country when he pays in full. After he pays off, how should I release lien on the car?
Can I sell a car with a lien on it and then use the money from the sale to pay off the lien and then transfer? the title after i get it from the lien holder?
How long do I have to get my car back after a mechanics lien. They didnt sell the car.? I recently rode by the shop and my car now has a dealer plate on it. Im still paying the note on it and its almost paid for.2007 charger with a 5000 lien. Its been there for a yr. Can he still take it if I been paying the finance company? I dont believe the finance company knows.....
what is the penalty for deliberetly selling a car and never paying off the car lien"? I bought a car from a private party (in Ca) with the intention that they would pay off the loan balance so that I could obtain Title. It's been six months and they still haven't paid off the loan and now refuse to answer my phone calls. Can I take them to court over this matter and is there any legal penalty that I can threaten them with?
How do you sell a car with a current lien on it? with out them taking over payments? If i haven't received the pink slip on it cause i owe x amount how can I sell it to another party with out giving them the pink slip right away?
How can I sell a car with an existing vendors lien? I have to sell a brand new car that an aging parent can no longer drive becasue of an accident. The car is 3 months old. I can't trade it in because the dealerships will onlu give me 75% of what is owed. I have people willing to take over the payments but no one wants to reifnance it into their name because it currently is financed at 0 percent interest and any kind of interest rate will boost the car payment.
Selling car with lien on it? Just wondering if anyone has been in the situation before and if so what ended up happening? My issue is I gave my car to someone who wanted to use it as a parts car, however they ended up fixing it up and selling it to someone else. Now this other person is threatening to call the police if I don't give them a certain sum of money. Just wondering worst case if this person does end up calling the cops, they say I can be charged with fraud. Now over the past few months I have tried to give the car back to the financing company, but they don't want it back because of there is no value in the car. They have told me that I have a "free" vehicle and to just include the remaining amount of the lien in bankruptcy. Because I was told I had a "free" car I though I could sell it. I know find out that the lien will never be removed. The person that bought the car is at no risk of losing it. Could I go to jail over it? Can't seem to find any information. No, I can't see what is wrong with my question. And yes it is included in my bankruptcy and even once I have been discharge the lien holder isn't going to release the car. By the way I am in Ontario Canada
in illinois is a bill of sell enforceable when the car has lien? I am purchasing a used car with a lien.Once the payment is made to the finance company, the title will be delivered. would be the proper route to take in this matter? Thank you.
can i sell my car with a lien on it? i took out a loan on the title of my car for $600. i am trying to sell the car and wanted to know if i could sell the car and use some of the money to payoff a portion of the loan?
What is the protocol for for selling a car with a lien on it? I am currently financing a car. I financed it used and things are starting to go wrong. What is the best protocol for ridding myself of the car? 1. Just trade the car in and try to the balance of value after the lien is factored. 2.Try and sell the car to pay off the car and give the buyer the lien when it is released
How to sell a car with lein holder on title, dmv takes a month to send the title? Planning to sell my car which has lien holder on it. Looks like california dmv takes almost 1 month to send the title to me after receiving lien release info, but the buyer wants to pay only after getting title into hands. I would like to take buyer's help to pay off loan. How to resolve this?. Please help
Whats the process to sell a used car with a lien? Im not sure if its the best way to go, but im wanting to sell my used car to my brother in law, should i just do a bill or sale and put a lien on the title or what? Basically he wants to make monthly payments on the vehicle to me, have insurance and tags in his name, etc... and i want to insure i have documents proving sale, to ensure complete payment even if the vehicle is totaled at any point... basically cover my ass just in case... whats the best way to go?
Is it difficult to sell a car privately if it has a bank lien on it? I purchased the car 7 months ago ,more is owed than its worth. So I would have to add cash to satisfy bank loan.Do dealers get involved buying cars like this from individuals? Thanks in advance for any help with this.
Can I sell a car with a lien-holder on it? It's signed by lien-holder to release interest (it's paid-off)
buying a car with a lien but the seller has a bill of sales from original owner? I'm looking in buying a car for track purposes I found someone selling a car with a lien on it. The seller says the original owner defaulted on the loan/bankruptcy and title was never issued. He has a bill of sale from the original owner and proof of registration. If I buy this car would I be liable for the lien on the car and if yes/no how would I obtain the car's title .
Can I sell my car with a Lien on the title but the car is paid off for? So, I already paid out for my car, but it has a lien on the tittle and I want to sell it but don't have the release form and all that stuff, can I just sell the car and send the title to the state for the buyer? Would they still need the release form? The bank, I have the title, but it said LIEN 1 on the title, and I just went to the dmv & they told me I need one..but this sale guy tells me I can just sign and the bottom part of the title to the state so they can take out tax and all that stuff..
How do I sell my car with a lien holder in terms of the paperwork involved? I just sold or rather am about to sell my car which still has a lien holder. I was told I need to write up a bill of sale (I can find these on the internet correct?) with a receipt and have it notarized then I would pay the difference which I stated in my description. The buyer told me that his bank cut him a check made out to me and the lien holder, so I would just send that check out along with my difference payment to receive the title correct? Then I would send the title to him right?? Thanks any and all help is appreciated.
How do i sell a car if i cant get the title before the lien is paid off? I need to pay of my loan with the money i get from my car, but no one will buy a car without a title. How would i go about doing this? Is a dealer trade in my only option? They'll give me like $5000 less than if i were to sell it on my own.
How to best sell a car with a lien? I'd like to sell my car which is a 2009 Impreza. I have a lien through JP Chase. I have some negative equity, but I'm not that worried about that part. I can pay that off at anytime. Now my question is would I be better of trying to trade the car in to a dealership, or should I try to sell it private party? When I called chase they said I could pay off the negative equity, have someone pay the balance, and then they would send the title to the person. This really doesn't really seem feasible... Is there a simpler way that maybe I don't know about? Thanks in advance to anyone who post a reasonable response.
i have a car that i am purchasing and still owe money on but i was mailed the title of the car with no lien? there is no lien on the title and when i contacted the dmv there was nothing on the the title showing i owe money or anything about the lien. can i sell the car legally>? also would they find out if i just sold the car but continued to make payments to the credit company>?
Selling a car with a lien on it? I need to sell my car, but I owe more than it's worth, and the car has a lien on it. I'm not sure where to start. I would appreciate any advice anyone might offer.
How do you sell a car to a private buyer if you still have a lien on it? More specifically, how would the buyer register the vehicle if I have to wait to pay off the vehicle with the lien holder? The lien holder has the title, and I imagine it would be weeks before they processed the payoff and got the title back to me.
Sold car with old lien? ok so i sold my moms car to the buyer. i had him look at the car and even showed him the title. he looked over both and asked price. we settled for 1100 and completed the sell next day. again i set the title in frontt of both of us and signed bill of sell. clearly stating "AS-IS"..after giving me the money we parted ways. my question is that the title had a lien from 2001 that has been paid off. but when he looked at the title he never questioned me about it, or said a word about it. me being stupid did not ask if he was ok with it and just assumed so. my mom lost the lien release papers and just ever bothered to get a new title. so my my question is if he call me and demands a refund, or takes me to court would i have to comply or is it his problem now? not trying to rip him off or scam him i just want to what i should do. if its my fault i will help him get it cleared but i justdon'tt want to get screwed either tho ok what if i got the paper saying it was released from the lien and then gave it to him, then can he go get a new title w/out lien in his name?
How do I sell my car????........ I don't have a pink slip to the title? I recently paid off my car and the lien holder mailed my title to an expired po box. They said a title is now on file with California dmv my name on it. I am not familiar with all of the steps to sell my car.... I am in California can some body please explain the steps so I am covered legally... I am planning it to a private party
Trying to Sell My Car with a Lien on it in Texas? I'm selling my 2000 Jeep with a lien through a Credit Union in Austin. I live in Dallas. I called the Credit Union and they told me that I would just have to draw up an at home contract at home and wait for the title, sign it and give it to them. Really? Im an honest person but noone is going to do this. Is there an easier better way? Does DMV have paperwork for this? This is a local Credit Union Partner in Dallas where we can go to pay of car but thats it, they dont do paperwork or anything, so buyer would still have to wait for title to come to me. Any suggestions? The car is in great shape I owe 5000 on it, its worth about 10,000 so ill be getting money back. Anyone have any ideas how to do this where buyer feels safe? Anyone dealt with this? Please help.
can i sell my car with a lien on the title and not get in trouble? i have a ford taurus that i was making payments on back in 2009. It completely died on me in july last year and i had called the place for four months aftewards... asking them to come get the car i dont want it anymore and im not paying it anymore. he said it was fine that im not paying and he will try to come get the car. he did not come pick the car up. it still sits in my yard almost a year later. I wanted to know.... if i get rid of the car, and it has a lien on the title because i owe another 975 dollars on it, would i get in trouble for that if he were to come get the car eventually and its not here?
Getting a lien taken of my car, when the lien holder is deceased? I paid my dad off the rest of the money that I owed for the car, but I never got the lien that he had on taken off before he died. I am looking to sell the car now, and wondering how to precede with it. I live in Minnesota, any help would be appreciated.
Can a towing company sell my car in a lien sale if I have already paid them and received my car? My car was towed for 30 days because my fiance was driving without a license. We paid almost $2,000 to get my car out of impound, and now the dmv sent me a letter saying that if I return the bottom filled out within 10 days the towing yard will not have a right to sell my car unless they get permission from court. It also said total amount due: $600. So I don't know if they're trying to make it seem like we did not pay, or really what is going on. What should I do? Also, we paid the impound yard with cash, but we did get a receipt. Could this be why they're doing this?
Need to know my rights regarding car bought, the lien, and advertising issue. Please look at details.? Hello. Ok, I recently saw a car on craigslist that I was interested in listed as a 2006 model. I went to the place where they were selling the car (A towing/car resale place) and I looked at the car, seemed like a good deal and I bought it. Later, I found out that I had to pay $800 on the registration and I also found out that the car was a 2004, not 2006. I would of course have to deal with that charge, but the thing is, I did not sign the lien, the person who sold me the car filled it out, even though it says specifically for "Buyer to read and complete"... so the stuff filled out on the car lien was not my writing, but the sellers. I did sign the one other document that placed the car in my possession, but not the lien. They said I could not return the car, but I argued with them, threatening to take them to court. They called me back a few days later and said they would accept the car back. But when I got there, I racked up 200 miles on the car and they deducted $100 from the amount I paid because of that. What I'm wondering is, if they listed the car as 06 wrongly, and they illegally signed the document lien instead of me, and charged me $100 for 200 miles, would I have a case against them? Sorry the question was kinda long, maybe I can get a little input, thanks!
i have a lien on my car, can i sell it and use the money to bu a different car? i currently have a lien on an 05 scion tc with State Farm bank. i have only owned the car for a few months and i dont really think its worth $300/month. i was wondering if i could sell this car (say $12k) and use this money to get a different car (something with a little more power?). i have contacted state farm about this and couldnt get a straight forward answer. there was also an error when registering this car and i have the title for it in my name- state farm is NOT listed as a lien holder on this vehicle. could i technically get around the system? sell the car, buy another and continue to make payments? as far as the bank is concerned, im paying for a scion, when in reality i have a different car registered in my name. this sounds like a legal way to get around the system, albeit somewhat deceptive. please fill me in if im missing something.
Have you sold your car with an Ally lien on it? I am wanting to sell my used car privately and am confused about the process of lien releasing through Ally (formerly GMAC). Has anyone done this before and how did you have the buyer pay and how did Ally release the lien? I'm trying to figure out if I have to mail the buyer's (as soon as I have one) check in or if they can pay it off online or what. Below is an excerpt from Ally's website regarding the Title (I live in Kansas): "For finance contracts: We’ll mail the title (in states where we hold the title) or release of lien to the primary account holder’s address after receipt of funds and verification of payoff. You can schedule a payoff online or mail your payment to the Payment Processing Center. If you mail your payment, you can speed up your payoff by sending certified funds – we don’t need to place a hold on certified funds We can release our lien directly with the state if your state has an electronic title program and your record is held electronically. States with this program include: Arizona, California, Florida, Hawaii, Idaho, Massachusetts, New York, Pennsylvania, South Carolina, and Virginia. Your state’s motor vehicle department will either provide you with a clear title or remove your creditor’s name from the vehicle’s title record"
How do you sell a car if it belongs to a deceased parent? How can you sell if it is not in your name? How do you transfer it to your name? It is a $30k car with no liens.
Can a car dealership sell a car when the original lien holder has not released the title? I bought a used car back in Dec and have not received my permanent license plate or registration yet. I called the DMV and was told that the dealership had not sent in the paperwork for anything other than the temp registration. I was told to call the dealership and get a new temp registration while they filled out the paperwork and if they did not to then go to the DMV and buy a temp and file a complaint against the dealership. I got the run around from the dealership yesterday saying they're not allowed to issue another temp registration and that I was fine with the expired temp registration.. that they had went to the DMV and they were told this. When I asked for proof someone else came out and told me that the original lien holder on the car had not released the title and that is what is holding the process up. They told me to come back in a week and they would give me another temp registration. I bought the car in AZ. Can a dealership sell a car with no title in hand? For Likable: I was issued a temp registration and temp paper license plate when I drove off the lot on Dec 27, 2007. Both of those expired Feb 12, 2008 which prompted me to call the DMV and ask them where my plates and registration were. I have financed this car and paid my first payment at the end of January. In addition the car dealership told me I would receive my plates from them and not the DMV. When I questioned the dealership they said they use a third party title service and registration service. I read my state law and it stated that the original lien holder has 15 days from being paid in full to send the title to the owner or other lien holder who took over the lien on the car. So.. from what I gather is that the either: A) The orginal lien holder is not in compliance with the law or B) The original lien holder hasn't been paid yet.
ILLEGAL? Selling Car with Known Lien - Is This Legal - Do I Have A Case? n March 2008, I traded my 96 Grand Am + $900 for a 1978 Chevy K10 4x4 Truck. I live in Arizona (Maricopa County) After I bought it, it had some mechanical problems the guy did not mention, so I did not drive it for about 3 weeks, then I got a 15 day permit online so I could drive it, and at the end of the 15 days I took the title in to get it registered, and they said I could not since it had a restitution lien for $202 on it from Maricopa County Arizona. (Where I Live). I called the guy, and he said he just found out about it, and would pay it when he got paid. He emailed me on the 21st saying he paid it. I never heard back from him, so I called the MVD and said it still had the unpaid lien. I called the maricopa county office and they said he knew about the lien since JANUARY! I have been trying to get in contact with this guy since then, and nothing, he wont return my calls or emails. Should I take him to small claims court, or get a lawyer and sue him? HELP!
What is the best way to do a private sale of my car if there is a lien on it? I want to sell my car but there is a small lien (from a bank) on it that will be paid off with the proceeds from the sale of the car. The bank has the title paperwork. The car is currently registered in California but I have recently moved to Washington state. What is the best way to go about selling the car?
Bought a car with a lien on the title? unknowingly, ive been waiting on the title for 8 weeks and just found out from the seller the car has a lien on it now i cant get the title till this is resolved. is it legal to sell a car with a lien on the title and what do i do now i cant get a tag or insurance without a title right?
DO I have a lien on my car title with just my name? I bought my car about 4 years ago and took out a loan from a credit union. When I got my title from the dealership I bought it from (they took care of all the paperwork and registration and title) the title just has my name on it. I defaulted on the loan about 2 years ago but my question is can I sell the car since my name is just on the title and there is no lien on the title whatsoever.
If you have a car loan out on your car is that the same thing as having a lien on the car? I am selling my car but I still have an outstanding loan on the car... I'm trying to fill out the Bill or Sale becuase I'm meeting with a guy who is interested in purchasing my car tomorrow.... the question on the bill of sale is "Is the motor vehicle free of all liens and encumbraces" would my answer be no here because there is still a loan out on the car? Which of course I'll be paying off in full as soon as the buyer gives me the check.
How can I sell my car but have a lien holder who is an individual, not a bank, and is unresponsive to settle? Is this something that should be settled in small claims court? The individual is supposed to send regular updates when monthly checks are received and does not. Also is unresponsive to email etc, this has been going on for a couple years now and I want to sell or trade in the car.
How can I sell a car that has a lien on it and I don't have the title? The car is broke down and it costs more to fix it than it is worth. I would like to sell it for cheap but I don't have the title. I understand I have to still pay the loan company that has the title but is there a way to sell the car without a title? BTW... I live in FL and the loan company is in NC.
Can I put a lien on a car to sell it? Someone wants to buy my car but doesn't have all the money to pay for it up front, they want to make payments. I've heard they're pretty trustworthy but I don't know them like that. Is it possible for me to put a lien on it to make sure it is paid? How should I sell this but make sure I will get my money? (This is the first offer on it for quite a while, so it would be great if I could sell it to this person)
How can I sell my car that has a lien from the previous owner (who I cannot contact) and my name on the title? I never was able to pick up the lien release form from the original owner. I do not know his name anymore or how to contact him. Will the lender (bank) release the form to me? and if not what should i do?
how do I sell my car w/ a lien ? Payment for my loan cannot be made at the bank; has to be mailed. What is the process for transferring ownership while you wait for the bank to process payment and signoff on the title? do i maintain possession of the car until the bank approves? will someone actually give me a check for the car if they can't take possession of it that day? Is this standard procedure?
I sold a car with a lien on it. Is this illegal? When I bought my car in 2008, I put $30k down and the rest was financed as a "commercial loan" because the bank/dealership said that was the only way to get it approved. I didn't know what that meant, nor did I care, I just wanted the car. The bank then sent me the title the following month, with no lien showing on it. A year later I put the car up for sale, first calling the DMV and loan company and confirming no lien. I then sold the car (for $70k). The new owner went to register the car a few weeks later and to our suprise, the bank had just added a lien 3 days prior to her going to register it. (after a year of no lien showing) The problem is, I've already used much of her (the buyer's) money to pay down other higher interest loans. The bank says it just did some auditing and realized their mistake of having no lien. So now the buyer has a car she can't register, she's out $75k, and I don't have the money to pay off the loan. And I obviously don't have the money to buy the car back from her. I had planned to just keep making monthly payments until the "commercial loan" was paid off. What to do now?
if the bank has a lien on a car can you sell it to another party? Also, if so how do they carry the insurance? I have a family member that wants to make payments on a car I have. The loan is through a bank. I want them to carry the insurance and also, i plan on making a bill of sale.
My husband I are selling our car to his sister. We'll be taking payments, and need to write a lien agreement Are there any links to a standard car lien agreement? Thanks for the comments. I already know about filling out titles and putting our name as lienholder...I used to work for the dmv here. I am just looking for a link to a form. Thanks for the input. Also, my sis in law is good for the $$. She is very responsible, and knows that regardless of what happens to the vehicle (doesn't work, she wrecks it, someone steals it) she is still responsible for paying for it. I am already not very close with them, so it is all business for me. She doesn't expect any favors from me at all. This is why I need a loan agreement!
How do you sell a car to a private buyer if the bank still has a lien? The bank won't release the title until they are paid. But the buyer won't pay unless I have the title in hand. How do I break this cycle?
there is a lien on a car I'm trying to sell can Wells Fargo release the lien if the loan was from Wachovia? ? The bank is closed its a sunday so i can't call and ask them. I'm trying to sell the car early tommorw I know Wachovia was bailed out by wells fargo...does it mean that they can now handle these sort of things?
I want to sell my car but I still havent gotten the title because of a lien? btw i'm in florida and they are in new hampshire if that matters My moms friend sold me her car back in July. I never got the title because she said there was a lien on the title, and they paid it all off but were still having trouble getting a new title without the lien. i still don't have it so I cant do anything with the car, and my moms friend still hasn't gotten a new title, even though we've asked her and her husband a bunch of times. i'm also far away from them (at college) with the car. what do I do?
I want to sell my car, which has a lien on it...how? I have a car which was used against a loan I co-signed for. The car is a 1987 Mazda RX7 and is not in great shape, but would still be valuable enough to an RX7 enthusiast, seeing as the engine was rebuilt and the tranny is still good. The loan the car was used as collateral again has about $1800 remaining on it, but I know if I sold the car I could not fetch that amount of money. I figure I would be able to realistically receive around $1000 for the car. So, my question is: How do I sell this car? Do I have to pay off the $1800 first, or will the proceeds from the sale of this car have to go directly to the finance company that holds the lien? Will I have to contact them directly before the sale of the car or will the D&V office automaticall collect on their behalf? Any information would be greatly appreciated. I live in Ontario if that helps break down the question a bit further.
I owe $15000 but car is worth $8150 trade in, can I sell with lien? The trade in value is $8150 but private party value is $9550. I'd like to sell and find something more economical but I'm not sure I can do it if I still owe money on the loan. How does that work?
What do I need to do in order to sell a car that has a lien on it? What do I need to do in order to sell a car that has a lien on it? I originally leased the car. At the end of the 4 year lease I purchased the car via a loan through Bank of America. When I purchased the car I received the title. The title list B of A as the First Secured Party and list me as the owner. At the bottom of the title it states Total Liens 1. I paid the car off last week and now want to sell the car. Is there anything I need to do to prove to a potential buyer that the car is paid for? Do I have to wait to receive something from B of A stating the car is paid and full and the lien released?
If I have $5000 federal tax lien, can I sell my car for $1000 and send $1000 to IRS? Or must I pay the entire $5000 before I can transfer title?
How do I sell my car if I still owe money on it? I need to sell my car but I still owe money on it, I need the title to be able to sell it to someone but the bank still has a lien on the car because the loan is not paid off, I need to sell the car, pay the loan without having to borrow money to pay it off before selling it, has anyone had a similar issue?
my boss bought a car for me,title is under my name,with 1st lien under his, can i sell the car,w this title.? i still owe him 9000 dlls, but i have to sell the car. i will keep paying him my monthly payments, i just wont have the car no more.does the fact that he is in the first lien on the title prevent me from selling the car??
How do I check online for free why there is a lien on my car title? I sold my car recently. Noticed there was a lien on the title. I paid for the car in full (cash) when I bought it, and have a receipt. Is the person I sold it to going to have a problem registering the car? Is there a way to find out online free why the title says there is a lien?
Whats the process of a car lien sale? So say that you dont have any interest in your car anymore after It was towed for 30 days but your still paying the finance company, what happens after you sign the lien transfer sheet over to the towing company? How does it hurt your credit and is the car sold at the auction way under value? If so, what is the process for paying the unpaid balance and if paid, will it still hurt my credit? I know its confusing, im sorry..
Question about selling a car and lien release for title...? If, after selling a car, you apply the money to the loan, but still have more to pay off, how would we go about getting a lien release to transfer the title of the car?
If a person has a lien on a car, can they legally sell it to someone else on monthly payments? A man sold me a car last year....i made monthly payments of $300 dollars a month. i found out 6 months later he has a lien on it from GMAC.....was he legally allowed to sell it to me in the first place? The man that sold it to me still owes GMAC for it.The transfer case was broken the day i got it...it was broken way before i even bought it. I tried to get him to fix it for 6 months....after the 6th month I made him take the car back because it was broken and he tried to charge me $5000 to fix it. Now he is suing me trying to make me pay for the broken transfer case. I have a print out from the BMV stating the car has a lien on it and i also have records proving he had it into a car dealership way before i purchased it having it looked at for the same exact problem.
What can I do if my lien holder on my new car doesn't actually hold title to my car but wishes to collect? I bought this brand new Mazda from a shady dealership who failed to pay off my trade-in vehicle, and submitted a Retail Installment contract to the alledged lienholder yet they never registered and submitted the registration or title, also they were selling cars "out of trust" from their own bank; So 22+ other people got screwed also and the dealership has no money so no one can sue them for damages. These guys owe about 300,000 of unpaid liens from trade-in vehicles including mine. Now I got an attorney but the bank who at the moment holds no lien on the title since the title doesn't really exist in the DMV or the State is harassing me to make payments as my lawyer is trying to resend the deal and break the contract because the dealer breached it by not paying off my old car which in Florida if a dealer fails to pay a trade-in lien on a car after 30 days it is consider illegal. They even sold my old car without having the title from the lienholder which they failed to pay to.
how would i go about selling a car that still has a lien on it to an idividual wanting to buy it? its only a few more thousands nothing major... im wanting to sell for whats left on the car... but then this crap company that has the car tells me its gonna take 7 business days for a title unless i come in and do everything. ...im trying to help myself as well as the other party cause the company wants to refinance if im selling to somone else.... HOW DO I AVOID THIS? is it possible? i know it is!
If I am selling a car that I have a lien on and the buyer is taking out a loan as well.? I dont have the $ to pay off the loan and get the title. Is there a way for the buyers loan company to pay off remainder and get title. So the car can be registered and insured right away. Oh.. Also the buyer has agreed to pay more than I owe. If the lienholder gets the $ what happens to the difference?
If car company charges off debt is the lien also released? I bought a car (in Illinois) recently found out when I tried to make payment arrangements that they wrote-off (charged off) the remaing $2,500 owed on the car. Does that also mean that the lien is released? I live in CA now and want to sell the car but not sure how it works with the lien.
If someone pays you with a certified bank check made to you and the lien holder can you deposit it? Hello I have recently sold my car, still in my possession to someone who will pay me with a certified bank check (after checking with the bank and making funds available) made to myself and the lien holder. Do I deposit this into my bank account then pay the lien or does it go directly to the lien holder?? thanks.
How can i sell a car in CA w/out pinkslip? reg. is paid but DMV is taking long sending the title. need to sell i recently bought a car from a lien sale. paid the registration, got the plates and tags. that was about 3 weeks ago. now i find myself in financial troubles and would like to sell the car, even at a loss but the problem is that i still havent received the pink slip from the California DMV. How can i sell the car without it?
What do I need to sell a used car in North Carolina when the car is registered/titled in California? I am moving to NC. I drove a car from CA that I now want to sell. There is no lien holder and the title is salvage. Can I sell it is NC before spending money to register it in NC? I need to know procedure/forms required, etc.
I am trying to sell my car , however i dont have the title to it yet but there is no liens on the car? I kinda got into a bind , and i have a 2001 chvy impala that i am trying to sale , it is a good car , but i lost the title a while ago, the is no liens and im just wondering if anyone know a dealer that i can sell to ,with out having the physical title maybe with a bill of sale
Can I sell my car after recieving the "pink slip" certificate of title? I paid off my car loan and the finance co. sent me the certificate of title "pink slip" with my name written as the registered owner. Do I need a lien release statement to sell the car? Or "pink slip" cert. of Title is enough to transfer ownership to the buyer?
i am wanting to sell my car the person does not have all the money how do i put a lien on the title?
i recently sold my car that i had a lien on,however,turns out that i still owe? i sold a car i had a lien on but thought i had paid it off entirely,turns out i still owe money on it. can i get my car back from who i sold it to if i give him back the money?should i ask the dmv?
Can you sell a car with a payment plan if the bank owns the title? I own a 2007 vehicle and want to sell it to save money. The financing company still has a lien on the vehicle. A coworker has expressed interest in the car but wants the option to pay in installments. Is it possible to sell a vehicle this way without being the current title owner or is this out of the question? What are the risks? Who is liable for the vehicle in this time. How would this deal be structured? Can you recommend a contract template to use?
Can someone provide me with a step by step process for selling a used car(w/lien) in CA? The DMV site sucks!? From the DMV site I have found out that I need: 1.Bill of Sale 2.Notice/Release of Liability 3."sold as is" contract 4.SMOG Docs. What I don't understand is if we(buyer and seller) must go to the DMV to do this or can this all be done via mail/internet. Also, how does the Title get handled after I get it back from my banK(I'm assuming I mail this after all the above is taken care of). Do I need to pay any transfer fees?(any estimation?) The DMV site doesn't really outline exactly how this needs to occur, only that I need the above. I would love to NOT have to enter the DMV if possible but I want to do this correctly and without liability. I reside in CA. THANKS!!!
In Texas should I buy a car from a mechanic after he filed a lien? Ok, heres the deal. I'm in Texas and I'm thinking of buying this car from a mechanic. He had a woman bring the car in for transmission service but she left it and never paid. He says he filed a lien and "obtained ownsership". He said to get the car in my name we just need to go down to the registration office and file and pay the fee (whatever it may be). He also said to get the title all i need to do is have it registered to me and mail in for one, and i would get a clear title. I know ZERO when it comes to this thing. So heres what I want to know. What does he need so he can sell me the car? What do I need? How can I get a title for the car? What documentation do we need? What do I need to watch for so I don't get scammed? Thank you.
buying a car from a lien sale? My father had a car that I liked but it was taken by the police. A few days later a notice came that said the car is going to be sold at a lien sale. I'm willing to buy that car. Can anyone tell me how to go through with buying it? Do I need to have a driver's license to buy it?
If there is not a Expressed Mechanics lien on a car I bought from a friend can I leagally take it then? Ok my friend that is selling me the car....has the car in a shop. But Im thinking that sence the owner of the shop is more like a family friend to my friend he probabbly did not put the expressed mechanics lien on it. Also doesn;t the shop have only so much time to do it otherwise they can lose out on the money if my friend sells the car?? Like say it was 5 months ago that the shop owner fixed the car and is just storing it for my friend till he comes up with the money would you think he put an expressed mechanics lien on it? I dont! So would I be able to take it legally then???? let me know asap! explain well to please thanks
How do I sell a car privately that I still owe money on? Is there a way I can sell the car and use that money to pay it off? How do I get the lien removed, so the buyer can buy a clear title from me? Paying the car off first is not an option because of the amount of money that I owe. in America
How To Sell A Used Car? I want to sell my car. I don't have the title. How do I complete the sale if their is a lien on the vehicle? How do I protect myself to make sure the funds from the buyer are good?
My son was being invesitigated for vehicle theft/fraud. He sold a car without telling the lien holder before? the car was paid off. I bailed him out and we got the car back to the lien company. Anyway, this happend in early 2006. So, I wanted to make sure his name was clear, but when i called the states superiour court, they had a case filed against him, with no arrest warrant. They told me they had a warrant Fact sheet filed only....What does that mean? Can anyone explain that to me?
Can you help me sell my truck that has a lien on it? I have a Black 2000 Ford F-150 XLT 4x4 package, and I love it but I need to sell it and buy a small car or motorcycle. I commute to the city and work long hours so I need something with better gas mileage. The only problem is, it still has a lien from the bank and I'm not sure how to go about selling it. If anyone has some good advice for me, it would be greatly appreciated. I live in Long Island, NY.
What should I do? Accept a horrible loan to pay to get my car out of the shop or something else? The finance charge on this loan is $500, plus 15 % interest , and the loan amount is $1,200 If I don't get the loan the shop who has fixed my car is threatening to put a lien on it and sell it. What should I do? The terms are for twelve months, and theyre adding this on top of my existing loan so my payments will go from $256 per month to about $380 ? Whatwould you do in this situation, I only have a few more days to decide. this thing has about $600 dollars worth of fees and interest just for $1,200 dollars
What procedures do I follow to sell my financed car in Florida? I am trying to sell my financed BMW, which has a lien on it through BMW Bank of North America. What forms will I need to fill out and what procedures should I follow? I have already downloaded the Notice and/or Bill of Sale Form from the DMV. I know the procedures I need to follow to pay the outstanding lien and receive the title, but I'm unclear on what procedures to follow to protect myself in regards to the DMV if I accept payment and hand over the vehicle to the buyer before I receive the title. Can anyone help? Edit: I plan to overnight a certified check to BMW and include a pre-paid overnight package to get the title sent back to me, so that's not an issue. I'm just not sure if there's more I need to do than just filling out the Bill of Sale.
Buying a car with a lien sale? I am interested in a car that is being sold by a pvt party with a lien sales...does anyone know if ist safe to buy a car with a lean sale..please help.oh by the way im in california if that makes any diffrence.
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