Title Ownership Question

Asked by Mazda6Lover May 12, 2017 at 07:45 AM about the 2015 Mazda MAZDA6 i Sport

Question type: Car Selling & Trading In

I would like to sell my 2015 Mazda 6, but I still have some payments left on my
loan. Will this negatively impact interest in my car?

I can pay it off completely without the cash from selling, but I would rather not
take that hit to my savings account without knowing when the car will be sold.

Thank you!

1 Answer

103,205

Just let buyer know there is a lien on the car. The lien-holder should issue you a "certificate of title" that you can transfer to the buyer so they can acquire temporary permits, then mail them the title as soon as you pay it off. Most banks and responsible lien-holders do this promptly, but be sure to contact them first with your intentions so they can tell you what needs to be done to make this happen.

2 people found this helpful.

Your Answer:

CarGurus Experts

  • #1
    RK
    Reputation
    760
  • #2
    Glynno
    Reputation
    510
  • #3
    GuruLJS8L
    Reputation
    450
View All

Find great deals from top-rated dealers

Search

Related Models For Sale

Used Mazda MAZDA3
73 Great Deals out of 1,498 listings starting at $2,495
Used Honda Accord
43 Great Deals out of 907 listings starting at $1,599
Used Toyota Camry
48 Great Deals out of 979 listings starting at $2,212
Used Mazda CX-5
61 Great Deals out of 2,596 listings starting at $5,495
Used Honda Civic
176 Great Deals out of 3,690 listings starting at $1,995
Used Acura TLX
24 Great Deals out of 453 listings starting at $10,900
Used Nissan Altima
22 Great Deals out of 709 listings starting at $1,400
Used Toyota Corolla
122 Great Deals out of 1,994 listings starting at $2,795
Used Lexus IS
18 Great Deals out of 305 listings starting at $6,449
Used Hyundai Sonata
34 Great Deals out of 1,110 listings starting at $3,112
Used Toyota Avalon
4 Great Deals out of 28 listings starting at $4,988
Used Mazda MAZDA5
3 Great Deals out of 112 listings starting at $2,750
Used Mazda CX-9
17 Great Deals out of 425 listings starting at $5,955
Used Nissan Maxima
8 Great Deals out of 143 listings starting at $5,995
Used Lexus ES
15 Great Deals out of 192 listings starting at $3,888

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use. Content will be removed if CarGurus becomes aware that it violates our policies.