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.

Answer
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.
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Liz Jenson
Answered on Nov 08, 2021
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