how to transfer a car when bank holds title

5

Asked by Nov 13, 2016 at 09:05 AM

Question type: Car Selling & Trading In

3 Answers

22,425

Hire a cat burglar, you know, one of those ninja guys in the movies, and get him to break into the bank and get the title- then bribe the DMV clerk to overlook the "Lien" part and get a new title- see? SIMPLE!!

1 of 1 people found this helpful.
242,005

You pay the loan off and the bank released the title. Search online for more info. plenty of info out there.

1 of 1 people found this helpful.
24,825

If you bought a car and need to transfer ownership to yourself with the bank holding the title, they issue you a 'certificate of title.' If you are attempting to sell a car with the bank still holding the title, you need to pay them off first, then they'll send you the title. That process can take several days so you'll need a patient buyer. Sometimes the lien-holder will issue you another certificate of title so the new buyer can get temporary tags, and some title bureaus will accept a bill of sale to issue temp tags, so that gives you 30 days to get the title to the buyer.

Your Answer

Add photo

Related Questions

Get More Money for Your Car
Be seen by 20 million shoppers. Create Your Free Listing

Search Car Selling & Trading In Questions

Car Selling & Trading In Experts

#1 F_O_R
F_O_R
Reputation 2,060
#2 Tom Demyan
Tom Demyan
Reputation 990
#3 Bob Beaman
Bob Beaman
Reputation 950
View All

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use.