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Can you sell a car without a pink slip?
If a person has not finished paying on a car and does not have the pink slip yet, (the dealer still has the pink slip) Can that person legally sell that car to someone else?
6 Answers
- 1 decade agoFavorite Answer
yes and no. The seller needs to take the buyer to the place holding the title. The buyer can pay the loan payoff directly to the lien holder. If the buyer is paying more than the loan amount, the balance is paid to the seller. If the loan is more htan the sale amount, the seller needs to make up the shortage in order for the buyer to get the title
- Anonymous1 decade ago
Nope -- The dealer still owns part of the car..... Selling it and not paying the dealer is the same as theft.... There probably is a lien on the car...... In New York they put it right on the titles and wont let a new buyer register the car unless a lien release comes with the title.... This lien release is givin to the owner by the dealer or bank when the cars paid off....
- Anonymous5 years ago
there is no such thing as the pink slip. what you need to sell your car the " title " . only a simpleton would by a car with out a title. also a bill of sale is no good for selling or buying a car. you need the title.
- Anonymous1 decade ago
they can take over the payments of the car from the dealership but to just sell the car right out no due to you don't own the car yet with out that pink slip .
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- Anonymous1 decade ago
You can sell your vehicle, but you have to pay off the amount owed to the lienholder first to get full ownership of the car before you can turn ownership over to someone else upon sale.
- Anonymous1 decade ago
if u dont have a clear."pink silp" ie....title...you don't own it