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
103,985

KenF answered 7 years ago

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.
Mark helpful

Your Answer:

Related Questions

Shortcuts

Search Mazda MAZDA6 Questions

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
83 Great Deals out of 1,571 listings starting at $1,788
Used Honda Accord
41 Great Deals out of 909 listings starting at $3,495
Used Toyota Camry
53 Great Deals out of 929 listings starting at $2,490
Used Mazda CX-5
80 Great Deals out of 3,216 listings starting at $5,699
Used Honda Civic
199 Great Deals out of 3,472 listings starting at $1,440
Used Acura TLX
23 Great Deals out of 287 listings starting at $133
Used Mazda MAZDA5
4 Great Deals out of 129 listings starting at $4,200
Used Toyota Corolla
141 Great Deals out of 2,235 listings starting at $2,595
Used Lexus ES
8 Great Deals out of 151 listings starting at $4,200
Used Mazda CX-9
23 Great Deals out of 350 listings starting at $4,999
Used Lexus IS
27 Great Deals out of 358 listings starting at $6,995
Used Nissan Altima
25 Great Deals out of 686 listings starting at $3,499
Used Toyota Avalon
25 listings starting at $6,495
Used Subaru Legacy
10 Great Deals out of 140 listings starting at $2,950

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.