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

97,135

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.
285

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 45,735 nationwide Mustang listings starting at $1,999.

ZIP:

Search Ford Mustang Questions

Ford Mustang Experts

#1 Tom Demyan
Tom Demyan
Reputation 4,280
#2 Bob Beaman
Bob Beaman
Reputation 1,210
#3 COMETGUY61
COMETGUY61
Reputation 1,060
View All

Related Models For Sale

Used Chevrolet Camaro
225 Great Deals out of 30,943 listings starting at $1,217
Used Chevrolet Corvette
120 Great Deals out of 20,753 listings starting at $3,000
Used Ford Mustang SVT Cobra
3 Great Deals out of 267 listings starting at $6,000
Used Ford F-150
2,194 Great Deals out of 206,316 listings starting at $1,499
Used BMW 3 Series
974 Great Deals out of 31,729 listings starting at $1,000
Used Jeep Wrangler
277 Great Deals out of 18,163 listings starting at $2,950
Used Chevrolet Silverado 1500
1,718 Great Deals out of 175,751 listings starting at $1,250
Used Honda Civic
656 Great Deals out of 88,603 listings starting at $995
Used BMW M3
45 Great Deals out of 1,517 listings starting at $5,800

Used Cars For Sale

2017 Ford Mustang For Sale
32 Great Deals out of 23,103 listings starting at $18,779
2016 Ford Mustang For Sale
158 Great Deals out of 5,276 listings starting at $16,991
2015 Ford Mustang For Sale
59 Great Deals out of 3,525 listings starting at $13,988
2014 Ford Mustang For Sale
51 Great Deals out of 3,152 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.