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Old 01-20-2012, 07:12 PM
 
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Default Help, need info on how to sell a vehicle/car title question

I own a vehicle that is titled and registered in NC. The vehicle is financed and there is a lien on the vehicle so I don't have a title. Someone who lives in NY wants to buy my vehicle. Can anyone please tell me what I have to do? What forms are needed, etc.

Thank you.
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Old 01-20-2012, 07:36 PM
 
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Well first you'll need to pay off the lien or arrange for the lien to be released by the lien holder, then you can get the title issued to you. Then you'll need to get the title notarized saying that you're selling the car to so and so. Only the seller needs to be present at the notary public at time of signature. Then you'll need to return the plates to the DMV and the buyer will need to go through getting a title transfer to their name.
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Old 01-20-2012, 09:33 PM
 
Location: Mid-Town
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Quote:
Originally Posted by evaofnc View Post
Well first you'll need to pay off the lien or arrange for the lien to be released by the lien holder, then you can get the title issued to you. Then you'll need to get the title notarized saying that you're selling the car to so and so. Only the seller needs to be present at the notary public at time of signature. Then you'll need to return the plates to the DMV and the buyer will need to go through getting a title transfer to their name.
YEP, gotta get a clearence of the lien. If it is not paid off, have to do that. Get a letter from the lien holder showing zero balance, go to notary and have title signed and let it go to NY...
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Old 01-21-2012, 05:58 AM
 
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Quote:
Originally Posted by evaofnc View Post
Well first you'll need to pay off the lien or arrange for the lien to be released by the lien holder, then you can get the title issued to you. Then you'll need to get the title notarized saying that you're selling the car to so and so. Only the seller needs to be present at the notary public at time of signature. Then you'll need to return the plates to the DMV and the buyer will need to go through getting a title transfer to their name.
Sounds like a hassle. Maybe I'll just lose a bit and trade it in. Let the dealer worry about the paperwork. Thanks for the info.
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Old 01-21-2012, 09:20 AM
 
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Not sure what about it would be a hassle exactly. You'd have to take care of the lien no matter what. Getting the title notarized is as difficult as going to your bank with the title and having their notary do it. Turning in the plates takes an envelope and a stamp if you don't live near a DMV plate office
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Old 01-21-2012, 12:52 PM
 
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Quote:
Originally Posted by evaofnc View Post
Not sure what about it would be a hassle exactly. You'd have to take care of the lien no matter what. Getting the title notarized is as difficult as going to your bank with the title and having their notary do it. Turning in the plates takes an envelope and a stamp if you don't live near a DMV plate office
All the paperwork. If I go to a dealer, they will do all of that for me.
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Old 01-21-2012, 12:56 PM
 
Location: Lansing, MI
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We did this in early November. Had the buyer (who was financing). Worked with the buyer to arrange full payment to be made to the lien holder. I paid a portion, and their "purchase" money went directly to my financing company.

Their financing company had me sign a form that released the title work to them on payoff. Their financing company took care of the brunt of the paperwork. I had a notarized bill of sale that went to the buyer so she could get a temp plate. Once my financing was shown as paid in full, my lien holder sent the buyer the title. She and I met at bank to have it notarized, and that was the end of it.
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