Overhaulin'

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.

Public Comments

1. Well, the release of liability should be sent to DMV ASAP. You should also payoff the loan as soon as possible to ensure that you get the title faster and give it to the owner. As far as I know there is nothing else you can do.