can I still sell my 1999 mustang with a title loan on it?

Asked by Jan 01, 2013 at 02:24 PM about the 1999 Ford Mustang GT Coupe

Question type: General

I have a 1999 Ford Mustang the runs great. Everything works well and is in great condition. I have a title loan on it and would like to know if I can still sell it? Thank you in advance!

3 Answers

99,165

You sell the car and use the money to pay off the loan. The buyer gets the title from the loan company.

1 of 1 people found this helpful.
295

I don't know of any intelligent buyer who would give you their hard earned cash based upon your promise to get the title later, after you pay it off. A compromise would be to take the buyer with you to the lien holder, and make the transaction there. You really need to check with your state (the lien holder or a bank can also tell you) and see. In some states it is illegal for you to sell the car without the permission of the lien holder, and generally there are some hoops to jump through.

35

I sold a car with a lien to an out of state buyer, he wrote me 2 separate checks. One to the lien holder and the other to me for the balance. I paid the car off and mailed him the title, he took the car and had trusted me to send him the title and this was for a 91 Corvette ZR1. I also gave him a bill of sale.

Your Answer

Add photo

Related Questions

Mustang

Looking for a Used Mustang in your area?

CarGurus has 44,783 nationwide Mustang listings starting at $1,500.

ZIP:

Search Ford Mustang Questions

Ford Mustang Experts

#1 Tom Demyan
Tom Demyan
Reputation 4,500
#2 Bob Beaman
Bob Beaman
Reputation 1,240
#3 COMETGUY61
COMETGUY61
Reputation 1,090
View All

Related Models For Sale

Used Chevrolet Camaro
358 Great Deals out of 31,417 listings starting at $2,400
Used Chevrolet Corvette
221 Great Deals out of 22,190 listings starting at $3,850
Used Ford Mustang SVT Cobra
4 Great Deals out of 210 listings starting at $5,500
Used Ford F-150
2,152 Great Deals out of 193,913 listings starting at $290
Used BMW 3 Series
1,024 Great Deals out of 31,541 listings starting at $1,000
Used Jeep Wrangler
268 Great Deals out of 15,899 listings starting at $3,200
Used Chevrolet Silverado 1500
1,952 Great Deals out of 183,197 listings starting at $1,495
Used Honda Civic
883 Great Deals out of 84,980 listings starting at $750
Used Honda Accord
1,054 Great Deals out of 68,302 listings starting at $1,000

Used Cars For Sale

2017 Ford Mustang For Sale
74 Great Deals out of 23,003 listings starting at $18,998
2016 Ford Mustang For Sale
194 Great Deals out of 4,344 listings starting at $15,391
2015 Ford Mustang For Sale
78 Great Deals out of 3,282 listings starting at $13,999
2014 Ford Mustang For Sale
66 Great Deals out of 3,098 listings starting at $9,000

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.