Can I put my car with a title loan up for sale?

Is it possible to put my car up for sale if it has a title loan? I think I might need to sell my car to make rent next month. Plus, it would be great if I didn’t have to make payments on my title loan anymore.

While you can sell a car with a title loan, your buyer must agree to pay off the loan. Until the loan is paid off, you will have a lien on your car title—meaning your lender owns a chunk of it. Since the car doesn’t belong entirely, you can’t officially transfer the title to a new owner until the loan is paid off.
But you might be able to find a buyer who is willing to pay off your loan by lowering the price. Unfortunately, paying off loans won’t always be easy for potential buyers. Before you sell it to strangers, try asking your friends or family members if they’d be willing to help you out.
If you’re worried about making your payments, start saving on car insurance with the Jerry app. A licensed broker, Jerry can help you find and compare quotes from over 50 to providers for free. That way, you know you’re getting the lowest possible rate before you settle.
Liz Jenson
Answered on Nov 08, 2021

Did this answer help you?

Ask us a question by email and we will respond within a few days.

Have a different question?

You can meet us at our office and discuss the details of your question.
Let Jerry’s experts help you find savings on your car insurance!
No long forms or spam · Get quotes from 40+ carriers
Find insurance savings (100% Free)
rating primary
4.7/5 Rating on App Store

Easiest way to compare and buy car insurance

No long forms
No spam or unwanted phone calls
Quotes from top insurance companies
Find insurance savings — it's 100% free