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

103,105

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
79 Great Deals out of 1,511 listings starting at $1,899
Used Honda Accord
40 Great Deals out of 909 listings starting at $2,799
Used Toyota Camry
53 Great Deals out of 963 listings starting at $2,212
Used Honda Civic
174 Great Deals out of 3,598 listings starting at $2,495
Used Mazda CX-5
71 Great Deals out of 2,693 listings starting at $5,495
Used Toyota Corolla
115 Great Deals out of 1,958 listings starting at $2,905
Used Nissan Altima
25 Great Deals out of 691 listings starting at $1,800
Used Acura TLX
25 Great Deals out of 444 listings starting at $10,900
Used Hyundai Sonata
38 Great Deals out of 1,126 listings starting at $3,995
Used Mazda MAZDA5
4 Great Deals out of 114 listings starting at $2,750
Used Lexus IS
22 Great Deals out of 312 listings starting at $6,449
Used Mazda CX-9
19 Great Deals out of 435 listings starting at $5,955
Used Nissan Maxima
14 Great Deals out of 153 listings starting at $5,995

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.