my truck has a lien what are my options when selling?

5

Asked by Cam Feb 23, 2020 at 11:45 AM about the 2018 Toyota Tundra Limited CrewMax 5.7L 4WD

Question type: Car Selling & Trading In

I want to purchase a diesel truck; I have a lien on my truck, what are my options
when I want to sell my truck and purchase another?

2 Answers

157,475

If you trade it in the amount you owe gets added to the new loan for the new vehicle. Your monthly payments will be much higher and you'll be paying for two vehicles, one of which you no longer have! To sell the vehicle outright you need to at least get enough for it to satisfy the lien and clear the title. You and the buyer should go to the lien holder's office to complete the transaction. That way your buyer knows everything is legitimate. Hope that helps! Jim

If your truck is an 18, odds are you owe more than it is worth.

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