You can sell it with a lien on it through ebay IF you can find a buyer willing to wait the 2 weeks to get their title. Make sure you spell it out in your ad that there may be a delay once funds are recieved. I wouldn’t buy it without seeing the car and getting title in hand.
How do I sell my car while still under finance?
You pay the difference. For example, if you still owe $10,000 and your buyer will pay $9,000 for your car, you would pay the lender the $1,000 difference. Then you and a representative of the lender sign the title and give it to the buyer so they can get a new title and registration.
Is it illegal to sell a car with outstanding finance UK?
Remember: it’s illegal to sell a car with outstanding finance. However, UK regulations allow for anyone to end their finance agreement early, all you need to do is ask for a settlement figure.
Can you sell a car with a lien on Ebay?
Liens are one thing. You can sell a titled vehicle that has a lein. The lien must first be satisfied first.
Can I sell a financed car on Ebay? – Related Questions
Can you sell a car you still owe money on?
Yes, you can sell a financed car. But as long as the loan exists, the lender has a lien on the car. This means if you default on your payments or fail to pay off your loan, the lender can repossess the car, even if you sold it to someone else.
Can someone put a lien on my car without me knowing?
Yes, it happens. Sometimes a court decision or settlement results in a lien being placed on a property, and for some reason the owner doesn’t know about it– initially. For those of you who are unfamiliar with liens, know this: liens are something creditors attach to a property title that says, “You owe us money.
Can you sell a car with a title loan?
You can sell a car with a title loan, but the transaction will not be complete until the loan is paid off or the lender agrees to allow the new buyer to take over the loan.
How do I sell a car with a lien in NC?
Selling a Car
If you have a lien, you must get the lienholder to sign a release, or the title cannot legally be transferred. The current odometer reading must also be included on the title if the car is less than 10 years old.
How do I sell my car with a lien in Arizona?
What should I do? The seller must work with the lender to have the lien electronically released, and then the seller can use the Title Transfer Bill of Sale form (#38-1306) to sign over the vehicle to the buyer.
Is it illegal to sell a car with a lien on it in Texas?
It is illegal to sell a car with an active lien without disclosing that lien to the buyer. The buyer could take legal action against you when they discover the lien. Additionally, most liens attach not only to the car, but also to the person who owns it.
Can I sell my car without the title in hand?
Yes, you can sell a car without a title if you have proof of ownership. Selling a car without proof of ownership is illegal in most states. That said, it’s not uncommon to discover that you don’t have your car’s title in your possession.
Can I sell a car without the title in my name?
Selling a car that isn’t registered in your name
There are very few reasons that you will be able to sell a car that isn’t in your name, these include: If you are the executor of the estate. If you have financial power of attorney. With confirmation of intentions from the registered individual.
How can I find out if there’s a lien on my vehicle?
Where can I find lien information?
- Check with your state’s transportation agency. Some state DMV websites allow you to complete online lien searches using the car’s vehicle identification number, or VIN.
- If you have it, look at the car title.
- Get a vehicle history report.
Is a lien the same as a loan?
A lien is a legal claim on a property or other asset, often one that’s securing a loan. The person or entity that holds that claim is known as the lienholder. If you don’t repay your loan, the lienholder may have the legal right to foreclose and sell or repossess your property — be it a house, car or other asset.
How do you check if a car loan is paid off?
Check the Paperwork
The very first thing you should do during the buying process or any financial transaction is to carefully read all the car paperwork, the title and the registration. These papers should tell you whether the car has a lien already on it or if the lien is completely paid off.