How to get title if you still owe

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  #1  
Old 03-23-05, 03:31 PM
lj8576
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How to get title if you still owe

Hello
I want to sell my car but I still owe on it. If I sell it privately, how do I sign over the title to the new owner if I still owe. I cant get the title until I pay it off right? Do they give me the money, I pay it off and then sign it over? I am not sure how that works. Thanks
 
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  #2  
Old 03-25-05, 08:10 PM
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Join Date: Dec 2003
Posts: 388
Generally you give your financial instituion notice of what you are doing, and then take the buyer and the money to their shop. Give them the money and they give the buyer the title.

Contact your financial institution for details on how they make this kind of transaction.
 
  #3  
Old 03-28-05, 03:37 PM
lj8576
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I financed through the dealer.
 
  #4  
Old 03-28-05, 07:56 PM
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Join Date: Dec 2003
Posts: 388
The dealer would have used an independant finance company. Even if it's something like "Chrysler Financial" it is a separate company. You need to call them. Look on your bill for a customer service number.
 
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