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Question about selling vehicle while financed

Started by Ralph Kramden, Sunday Oct 02, 2005, 01:41:22 AM

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Ralph Kramden

I'm thinking about selling our 2003 Chrysler T&C minivan, and I have a question. How do I handle the sale to a private party since I don't have the title(It is still financed). I've never sold a vehicle that was still financed. Thanks.

murdoc

Since the title has a lien on it, you need to pay up the remaining amount left on the vehicle before the title can be transfered.  Easiest way to do this is to have the buyer meet you at the bank, pay the bank their money, and the title will be stamped paid in full and noterized.  Then the title can be transfered to the new owner.