Can I sell my car with a title loan?
I’m moving from Delaware to California soon for a new job. I already have a car waiting for me at a dealership close to my new apartment when I arrive. Before I leave, I want to sell my old car, but I took out a title loan on the vehicle to help cover moving costs. Can I still sell the car even though it has a title loan?
- Pay off the remainder of the loan, and the lien will be lifted, allowing you to transfer the title.
- Ask the lender if the loan can be transferred to the buyer and follow their instructions.
- If you need the sale to pay off the loan, ask the buyer if they can wait for the title to be transferred until after the loan is paid.