Subject	Is the LIEN holder a bank?
Posted by	NytWolf on January 30, 2004 at 10:59 AM
	This message has been viewed 29 times.
In Reply To	How do you sell a car to a private party when you posted by MikeH(Twin GT35BB Incon Z) on January 30, 2004 at 10:37 AM
Message	If the lien holder is a bank: Schedule an appointment with the bank. Both you (the seller) and the buyer would have to go to the bank. The buyer pays off the car, and the bank signs over the title to the buyer. If your negotiated price is more than the payoff of the car, the buyer pays you the difference. Usually the bank does not want to issue refunds. All they care about is the payoff portion of the vehicle. If the lien holder is NOT a bank: In general, if the lien holder is not a bank, re-read the above paragraph and replace the word "bank" with whomever is the lien holder. :)
Follow Ups	How do you sell a car to a private party when you - MikeH(Twin GT35BB Incon Z) 10:37:40 01/30/04 I think you need to pay off the lean holder first before>> - Cap927 (hibernating Z) 10:44:44 01/30/04 If I could pay it off I would. Catch -22 (n/m) - MikeH(Twin GT35BB Incon Z) 10:46:20 01/30/04 Just write a check. (n/m) - SactoTodd 10:47:55 01/30/04 well if the buyer trust you enough they could give you the > - Cap927 (hibernating Z) 10:50:14 01/30/04 I did that when I sold the Supra. No problems. (n/m) - Greg (Dallas) 10:56:27 01/30/04 3rd... same thing with my last car... - Longhorn20 11:04:56 01/30/04 that's more less what i was saying, but not many people - takirb 11:05:18 01/30/04 Call your bank perhaps? (n/m) - BigTDogg (MA) 10:52:17 01/30/04 I owe 20K on it . Hard for me to pay off. (n/m) - MikeH(Twin GT35BB Incon Z) 10:47:55 01/30/04 you could work out an arrangement with the lean holder - takirb 10:49:36 01/30/04 Re: you could work out an arrangement with the lean holder - SactoTodd 10:51:51 01/30/04 Re: Re: you could work out an arrangement with the lean holder - merlin3 10:55:49 01/30/04 "Heres your check send me the title when you get the chance" - Zluster(Hungover) 10:57:06 01/30/04 LMAO@"send it when you get the chance" (n/m) - takirb 11:06:12 01/30/04 Yuppers (n/m) - Zluster(Hungover) 11:18:59 01/30/04 it just depends on how bad the buyer wants the car. if - takirb 11:14:24 01/30/04 Personally, I would never do that as a buyer. - SooperZ95 10:56:01 01/30/04 If the new buyer goes through a loan process, the new lean - unluky 10:55:22 01/30/04 Easiest thing to do, IMHO >> - Greg (Dallas) 10:58:26 01/30/04 He would probably end up losing money going that route - NytWolf 11:03:37 01/30/04 This is exactly what I did and had no problems >> - Greg (Dallas) 15:26:24 01/30/04 Is the LIEN holder a bank? - NytWolf 10:59:07 01/30/04 It is a lending bank out of state. (n/m) - MikeH(Twin GT35BB Incon Z) 11:01:15 01/30/04 What I would do is call the bank and ask for directions - NytWolf 11:06:32 01/30/04 lien (n/m) - boileralum 11:03:09 01/30/04 Call the lien holder; they probably answer that q daily - J.R. (phx) 11:08:12 01/30/04 yea, you know anyone looking for one? I might get a - MikeH(Twin GT35BB Incon Z) 11:22:03 01/30/04 here - chivas 11:34:14 01/30/04 That is sweet looking Benz. Can't believe the price - MikeH(Twin GT35BB Incon Z) 13:21:58 01/30/04 I know!!!! *kick self* (n/m) - chivas 08:22:48 01/31/04 Very simple... - nixit 11:13:25 01/30/04 That would depend on the buyer. Some or most might want - MikeH(Twin GT35BB Incon Z) 11:19:55 01/30/04 Have his bank wire the money to your bank. - barbiecar 11:53:18 01/30/04 When I bought my car from a seller with a lien, - yt nitram 14:18:59 01/30/04 Here is how I did it. - xybertron 19:16:55 01/30/04
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