car loan sell
Asked by psk_46 Aug 20, 2018 at 04:17 PM about the 2015 Honda CR-V EX AWD
Question type: Car Selling & Trading In
My friend left car with me and left united states assuming he will return shortly.
But he is not returning anytime soon and he wants me to sell his car. he still
owes 5000$ to the bank. Is it possible for him to sell through docusign?
4 Answers
If you really want to take this on you should contact his lender and your states DMV. To do this legally you probably need a power of attorney. The simplest way to do this would be for your friend to pay off the car and get the title. He could then sign the car over to you so that you could sell it.
Do research on what the car is worth and find out what the minimum is that your friend will accept. If he has a realistic idea of the car value you could proceed. It he wants too much I would decline.
Overall this is a good way to lose a friend!
Title_Reguru answered 6 years ago
You can sell his car but as F_o_r said you might need poa from him to do so and you can't do that thru docusign.
