How is transaction done if there is lien on car

Asked by Aug 17, 2019 at 11:13 PM about the 2005 Chrysler Crossfire

Question type: Car Selling & Trading In

5 Answers

210

File a second lein using a tow yard YOU TRUST. Possesory lein packet depending on state, or through a court. As a rule though the lien needs satisfied to acquire title/true ownership over real property or said asset.

210

Easiest solution part it out into another crossfire and issue solved

Guess my question was misunderstood ...I'm selling my crossfire which the bank holds the title will car gurus collect monies from buyer and contact my lien holder to pay off car and then send title to buyer ?

210

Sorry for the confusion the answer is yes, upon trade in they will take the car add the lein balance on to your new purchase. Dependant on cars value vs whats owed.

210

Your other option is find someone to take over payments,and ask for what positive equity you have into vehicle. Asking price use it as a down payment.

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