To help facilitate a smooth sale for cars with liens, it can be helpful to contact your lender as soon as you can to see how to proceed. If those loans are not paid off, these cars are subject to a lien - a legal claim to the vehicle held by the lender in case the owner doesn’t make their payments. Most car owners have to take out a loan to purchase their car.
Here are a few other steps to consider when signing over a car title: Check on and resolve any liens If the buyer is from another state, they may have to first obtain a temporary registration from the seller’s state before ultimately registering the vehicle with their home state’s DMV. In a private sale (instead of a sale to a dealership or retailer), the buyer will then take it to a local DMV to register the vehicle under their name. When you’re selling your car, you’ll need to release your ownership of the vehicle by signing over the title. Let’s learn more about how to fill out a title when selling a car so you can hopefully avoid that happening to you. Mistakes could cause lengthy delays with your state’s Department of Motor Vehicles (DMV), which could possibly impact the sale. When you’re buying or selling a car in a private sale, the title information must be filled in correctly to transfer ownership from the seller to the buyer. Your car’s title establishes legal ownership over the vehicle, making it one of the most important documents associated with your vehicle.
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