Do you still owe on the car you have? Are you wondering if you can sell it? Just because your car has a lien on the title doesn’t mean you can’t sell it. However, you’ll have to go through some extra steps that are normally not required if you are selling a car without a lien on the title. Keep on reading to discover how you can do this. In case you are looking for an auto title service near me, you can always count on our Houston Auto Title Company.
How to Sell a Car with a Lien on the Title?
Selling a car with a lien on the title is a bit complicated but not impossible. If you still owe money on the car you have, you will have to deal with the lien first so that you can make the sale. Moreover, to legally sell the car, you will have to go to the lien holder to get the lien released. Start by getting in touch with the lender and ask for your pay-off balance. You can contact our Houston Auto Titling Service to know how to do a title transfer as we can help you with the entire process.
What Happens When You Sell a Car with a Lien on the Title?
Once the process of selling a car with a lien is initiated, the lender will have to pay off the lien in full. Once the loan is completely repaid, the lender will release the lien on the title to the registered owner and the lien holder gets the title mailed to them.
Selling Your Car to a Dealership
In case you are all set to sell a car with a lien at a car dealership, normally the dealer will handle all the steps required to pay off the lien to clear the title. Additionally, this usually includes both paying off the loan and handling the car title transfer. You can always contact our Houston Auto Titling Service if you are looking to transfer a title fast.
That being said, you must remember if you are selling a car to a dealership, you will pay a price for this convenience and that is you’ll be getting less money for your car as compared to what a private buyer would have paid you.
In a Nutshell
When it comes to selling a car with a lien on the title, you can’t legally do so without paying off the lien holder. If you are planning to do a trade-in with a dealer, make sure you understand the terms. It is more complicated when you try to make a private purchase but you will definitely get a higher selling price. Contact Swift Auto Title at (832) 831-3105