How do you sell a car with a car lien from a financial institution?

Asked by Guru9BYXJW Jun 08, 2021 at 08:59 PM

Question type: Car Selling & Trading In

Hi there,
I have a quick question. I have a friend who purchased a vehicle through a
dealership that was financed by a bank loan. She would like to sell the car
after having the vehicle for a year, but has a 19 000$ lien on it with the bank.
How would she go about going through the proper steps and channels in
order to facilitate the sale of the vehicle without paying the loan amount
upfront herself?

F_O_R answered 3 years ago

If she owes more than the car is worth there is a problem. I would do the transaction at the lenders office if possible. She should contact them and ask.

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How do you sell a car with a car lien from a financial institution?

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How do you sell a car with a car lien from a financial institution?

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