| You initially financed the car that you are about to | | | | holder during normal escrow. There are such services |
| sell. If you are wondering about the steps you need | | | | on the internet easily found using search engines, or |
| to take in order to legally, and safely turn your car | | | | visiting my website for an analysis of these services. |
| over, then you are reading the perfect article for this | | | | If you are not able or not comfortable with the |
| sake. Now, if the lean has been released, and you are | | | | above mentioned methods, consider closing the sale |
| the sole owner of the car, then reading this article | | | | deal at the bank, credit union, or the dealership that |
| would be additional information that you may not | | | | holds the lien, this way the buyer can payoff the |
| need, rather pass onto friends and family. | | | | balance, release the lien, and pay you the remaining |
| In case you still owe money on the car, then you | | | | agreed upon amount. Make sure you contact the |
| need to start by contacting the lending bank or | | | | lending entity prior to setting up such arrangement, |
| dealer to discuss the best way to pay off or close | | | | and schedule and time and date. |
| out the loan. You also should inquire about the | | | | The last and most complicated situation is when the |
| necessary requirements to obtain a lien release, or a | | | | lien holder is in a different state. In this case you |
| statement stating that the remaining obligations on | | | | would need to obtain a bill of sale from the local |
| the car if any and if not also stating that it has been | | | | department of motor vehicles, and then obtain a |
| paid off. | | | | temporary permit for the buyer to drive the car. |
| If you find out that you owe more money than you | | | | Once the loan is paid off, the buyer can then |
| can pay prior to selling the car, consider mediator | | | | transfer the title ownership. |
| service that would facilitate payment to the lien | | | | |