Completing sale and handing over vehicle to buyer

5

Asked by Kenneth May 07, 2019 at 09:41 AM

Question type: Car Selling & Trading In

I currently have a car for sale with a lien on it where the bank holds the title.
Once I have a buyer, and work through CarGurus to transfer funds to pay for
the car, when is it OK to release the vehicle over to the buyer? Should we
wait until the title is released, or does that depend on the bank? Not sure of
the timing. CarGurus says they will facilitate all financial transactions and
handle paperwork. Will they just let me and the buyer know when enough
paperwork is complete to hand over the car?

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