Overhaulin'

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?

Public Comments

1. you can sell the car, but you will not be able to give the purchaser the title until the money is in the lien holders possesion. if you have a buyer for the car i would tell them the scoop on that up front.
2. Not legally. The lien has to be satisfied before you can transfer ownership. You'd better sell it for enough to pay off the whole loan.
3. Sure. You meet the buyer at the title loan place and when he pays you, you payoff the loan and sign the title over to him at the same time.