How do you sell a car while the bank still holds the title?

April 17th, 2005 | by Michael |
sell car
BUmaintman asked:




BENJAMIN

  1. 4 Responses to “How do you sell a car while the bank still holds the title?”

  2. By Boomer on Apr 20, 2005 | Reply

    when he bought the car there should have been a title sent to him. on that title there was a place indicating that there was a LIEN… by the bank that he borrowed the money from…

    He can sell the car… and when the bank gets their money that is owed…… they will send a Lien release….. freeing the car of their claim on it…

    and the buyer if they get a loan.. will have a lien placed on the car by the lender they used…..

    hope this makes sense…

  3. By Gene L on Apr 20, 2005 | Reply

    I don’t see how anyone can sell a car without the Title.

    I certainly wouldn’t buy from someone that didn’t have the Title transferred over to me upon finalizing the sale.

  4. By shweta - on Apr 21, 2005 | Reply

    Pay to the bank in full & final settlement & take the ownership.then u can sell

  5. By Heather on Apr 24, 2005 | Reply

    Not 100% sure where you are, but here you can sell it and give receipt, then pay off with money from sale, then sign over to new owner, or sell for cash and take over payments, where new owner arranges for financing with same or new finance company.

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