[swagger]

Looking over the DMV website, I read that you can't sell a used car without a title. They say that all outstanding loans have to be paid off before ownership can be transferred.

How does one sell a car that's not paid off yet? I'm going to be selling my off-road rig, as I almost never drive it (been here over a year now and haven't hit the trail once) and I could use the money more than the Jeep at this point. I don't have the cash to pay it off, so what do I do?

Any advice would be appreciated.

[johninvegas]

I think you need to talk this over with your lender. If they are in town, they would proabably ask that you meet with them and the prospective buyer at the same time and they would sign over the title.

[gulfer]

Don't worry this is done all of the time. What has to happen is that you get the money from the buyer, pay off your lein and have them send it to you. You give the buyer a bill of sale which allows them to register the vehicle, get insurance, etc... You should notify your lein holder what you are doing and make sure they have the title ready to send to you as soon as you make payment.
I may have skipped a step, I would just call the lein holder and ask them what should be done. But it really is done all the time. Good Luck

[limopromoter]

is it the norm to get paid a percentage off the profit or from the purchase price?

and what is usually that percentage?

and could you sell a repo with a profit?

Alan