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$14 Reg Suspension Fee Sample Driver License Tests Traffic Accident Report (SR1) How Are We Doing New Motor Vehicle BoardMany car owners don't know how to sell a car when the bank has the title, which requires paying off your car loan and transferring the title to the new buyer (or the buyer's bank in some cases). If you are still making payments and want to sell your used car, the title almost surely lists the bank as the legal owner and you only as the registered owner. First, find a buyer for your vehicle. Advertise your vehicle in the local newspaper or even on the Internet. Even if the bank has the title, the Kelley Blue Book pricing guide can help you determine a fair selling price for your vehicle. If you want to sell your vehicle quickly, you may want to sell it for a slightly lower price than other similar vehicles. However, keep in mind that the selling price should be at least enough to cover the balance of your car loan. After you find a buyer and agree on a selling price, contact your bank.

Your bank or car loan lender should then give you what is called a "10 day payoff amount." This simply means that if you send the payment within 10 days of the quote, you won't incur any additional finance charges. However, if you do not send your payment in within 10 days, the bank may hold the title until any further accrued interest charges have been paid.
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If the vehicle was purchased with a car loan, the buyer's bank will probably contact your bank to have the title transferred to them. You often cannot legally sell a car without an auto title transfer. However, in some cases, a would-be seller may be able to get around the title requirement.
used zero fx motorcycle for sale Each state has its own rules and regulations about car ownership.
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One thing you will want to ask about is how to get a duplicate title. If your problem is simply that you have lost the title, as the legal owner, you can buy another title from the state. This is often a simple process, and will fix your problem.
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In legal terms, this is called a "lien." If you are in this situation, you need to either pay the car off before selling, or make arrangements for the car's next owner to take over your debt. Any time you want to sell a vehicle without the title, you need to let the buyer know the specifics of your situation.
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Names for the documents or forms may vary, but the content of the forms, and the purpose for which they are used, will likely be very similar. Make sure that you have a certificate of title from your state's Department of Motor Vehicles (DMV) or Department of Transportation (DOT) before you attempt to sell your vehicle.
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You can download a bill of sale template on the Internet, or you can create your own. Whichever route you choose, just make sure the bill of sale contains the following information: In most cases, the certificate of title and a bill of sale are the only documents you need to sell your vehicle to a private party.
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