Selling a car with a lien on it

10

Asked by Oct 08, 2016 at 09:38 AM about the 2010 Ford Mustang GT Premium

Question type: General

I am in the position of needing to sell my car but I have a lein on it and need
the purchase to close the lien.  How can I do this?

3 Answers

35

You have to pay the lien off first to get the title as you know. I sold a car like that and the buyer wrote me 2 checks, one to pay the lien off made out to the lien holder and the balance to me. I paid the car off then and had to wait a few weeks for the title, or if their local just go there directly to pay it off.

3 people found this helpful.
10

Thank you for your answer it was very helpful

1 people found this helpful.
79,125

To make a prospective buyer more comfortable you can also draw up a simple agreement stating that you will immediately pay off the loan balance and upon receipt of the title immediately surrender the title to the buyer signed and ready for them to transfer into their name. Make two copies, one for you and one for the buyer. You'll both sign both copies. Good luck with the sale! HTH. -Jim

Your Answer:

Mustang

Looking for a Used Mustang in your area?

CarGurus has 37,613 nationwide Mustang listings starting at $1,350.

ZIP:

Ford Mustang Experts

  • #1
    Tom Demyan
    Reputation
    5,060
  • #2
    F_O_R
    Reputation
    1,530
  • #3
    Bob Beaman
    Reputation
    1,430
View All

Related Models For Sale

Used Chevrolet Camaro
237 Great Deals out of 27,313 listings starting at $2,077
Used Dodge Challenger
143 Great Deals out of 24,033 listings starting at $7,995
Used Dodge Charger
267 Great Deals out of 32,047 listings starting at $1,850
Used Chevrolet Corvette
99 Great Deals out of 15,024 listings starting at $3,620
Used Ford Shelby GT500
459 listings starting at $25,500
Used Ford F-150
2,268 Great Deals out of 208,427 listings starting at $1,300
Used BMW 3 Series
848 Great Deals out of 31,270 listings starting at $1,250
Used Jeep Wrangler
222 Great Deals out of 16,726 listings starting at $3,000
Used Nissan 370Z
28 Great Deals out of 1,970 listings starting at $9,990
Used Chevrolet Silverado 1500
1,744 Great Deals out of 153,508 listings starting at $1,000
Used BMW M3
21 Great Deals out of 1,485 listings starting at $6,399
Used Nissan 350Z
28 Great Deals out of 989 listings starting at $3,999
Used Honda Accord
564 Great Deals out of 103,244 listings starting at $950

Used Cars For Sale

2018 Ford Mustang GT Premium For Sale
2,754 listings starting at $33,290
2017 Ford Mustang GT Premium For Sale
621 listings starting at $22,997
2016 Ford Mustang GT Premium For Sale
252 listings starting at $20,970
2015 Ford Mustang GT Premium For Sale
338 listings starting at $19,900
2014 Ford Mustang GT Premium For Sale
131 listings starting at $14,341

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.