Selling a car?

Since you can't go to a physical location, you would want to call the lender and ask them their procedure. The buyer will want to be assured that they will receive the title, so sometimes you can sign a power of attorney <infront of a notary> and include that with the payment. You would also then use the sellers address as the return, so this way, you are washed clean from the car. You might have to send to checks, one from the buyer, and one from you <if you have negative equity>. Good luck and I hope this helps.

You and the buyer would meet at your loan institution, you would meet with someone and explain what you are doing, they will look up what the "payoff" is, it would be cheaper that what is owed due to the interest, they deduct some off the loan for early payoff, anyway, once you meet with loan officer, the buyer can write a check , or cash for loan payoff, then the loan officer will stamp the title "PAID" and sign where the lien holder signs to show that the lien was satisfied.

Once that part is done, then you and buyer would exchange what is left of purchase price and title, you would sign off on title on back where it is stated to sign from "seller" that would be you, then the Buyer puts in his/her information where it states for Buyer to sign. Then Buyer goes to DMV and get license in his/her name

Hope this helps

The buyer would have to TRUST that first, you will pay off the loan, and second, that you will send them the title.

If there is an office for your loan company, perhaps you could arrange to meet there, and have him bring cash to pay off and get the title, and then you keep what's leftover.

Let the finance company handle all that, once the car is free and clear the title will go to the new owner or their lien holder, until all the transactions go through the title will be in escrow

You would have to payoff the car yourself before you get the title to pass.

Ask your loan company how they handle this, i doubt you are the first to do this.

u need to phone up the company u have the loan with and ask them that you want 2 clear the finance and sell the car at the same time, they'll advise u what 2 do.

ps i sell cars for a living

p.s please answer my q:

http://answers.yahoo.com/question/index?qid=200712...

meet them at the bank where the lien is its best to meet somewhere in public anyway

good question....I'm in the midst of doing the same thing....