Selling car with Lien on it

Asked by zfahim Jul 03, 2018 at 09:38 AM about the 2010 BMW 3 Series 328i Coupe RWD

Question type: Car Selling & Trading In

There is a lien on my car that I am selling. How do Car Gurus handle this kind of transactions? The payment has to be satisfied first in order for my bank to send the lien release letter to DMV, at that point I will be getting the title under my name. So if Car Gurus holds my payment how would I satisfy the lien and how do I hand over the title to the prospective buyer in this kind of scenario?  

3 Answers

5,110

Hello, have the purchaser send the payment directly to the lender. The title should already be in your name with the lien, that's why you only get a lien release letter with title. Then you would just simply sign off and add purchaser on the title with the bill of sale and lien release letter. I would also make copies of everything just incase. If you need anything else don't hesitate to send an email to vehicletitleadvisor@gmail.com. Hope this helps.

3 people found this helpful.

I have a follow on question. I am also selling my car which I financed and still owe money on. I am hoping to sell it for more than I owe. How do I make sure that the buyer pays the bank but also pays me? Do I have him send a check for the purchase price to the bank and then the bank will give me the difference after they take what I still owe on the car? First time seller - thanks for any help you can offer. .

Your Answer:

3 Series

Looking for a Used 3 Series in your area?

CarGurus has 12,659 nationwide 3 Series listings starting at $1,500.

ZIP:

Own this car?

Share your experience with others.

2010 BMW 3 Series

Review another car

Resources

CarGurus Experts

  • #1
    Robert Charlson
    Reputation
    3,950
  • #2
    apbimmer98
    Reputation
    3,130
  • #3
    Abu Luca
    Reputation
    2,980
View All

Know more, shop wisely

Search

Related Models For Sale

Used BMW 5 Series
655 Great Deals out of 8,951 listings starting at $2,500
Used BMW M3
75 Great Deals out of 1,277 listings starting at $9,988
Used Mercedes-Benz C-Class
798 Great Deals out of 15,749 listings starting at $999
Used Lexus IS
319 Great Deals out of 5,390 listings starting at $3,495
Used Ford Mustang
1,032 Great Deals out of 22,912 listings starting at $1,100
Used Dodge Charger
835 Great Deals out of 12,579 listings starting at $2,999
Used BMW X3
1,049 Great Deals out of 15,294 listings starting at $2,300
Used Mercedes-Benz E-Class
614 Great Deals out of 9,832 listings starting at $1,995
Used BMW M5
55 Great Deals out of 1,032 listings starting at $17,950
Used Chevrolet Corvette
652 Great Deals out of 9,834 listings starting at $4,995
Used Honda Accord
1,478 Great Deals out of 28,157 listings starting at $1,850

Used Cars for Sale

2024 BMW 3 Series For Sale
106 Great Deals out of 1,149 listings starting at $26,588
2023 BMW 3 Series For Sale
43 Great Deals out of 453 listings starting at $27,000
2022 BMW 3 Series For Sale
93 Great Deals out of 912 listings starting at $20,295
2021 BMW 3 Series For Sale
68 Great Deals out of 606 listings starting at $13,899
2020 BMW 3 Series For Sale
43 Great Deals out of 530 listings starting at $12,900

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. Content will be removed if CarGurus becomes aware that it violates our policies.