Selling a vehicle with a Lien
I just recently listed a vehicle for sale. While making the listing, I noticed it asks
if the vehicle still has a Lien. I do plan on providing the new owner with a
release of Lien letter ASAP once we agree upon a price. Why is this asked
when creating a AD?
3 Answers
You cannot release the lien. The lender must do that. If the lien is paid off you should have the title.
Thank you F_O_R. Yes I know and understand that. Once the lien is paid off the lien letter is given from the lender releasing the title of lien. What I’m asking is why does CARGurus ask.