How can I sell a car that’s still financed?

Asked by Feb 03, 2018 at 05:04 PM

Question type: Car Selling & Trading In

2 Answers

274,435

Once you agree to a price, you and the seller can go to your bank to finish the transaction.

32,295

Your lien holder should give you a "certificate of title" that the buyer can use to put tags on the car until you have the clear title issued after it's been paid off. Most loan originators try to get all this done within 30 days of your selling the car, just make sure the buyer knows this when you agree to sell it to them. This is assuming your loan is not with some local bank (if that's the case just take it there to complete sale) - if you loan is with some out of state entity then follow the above.

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