Should I give a potential buyer of my Tesla Model X a copy of the title for their loan-approval process?
"I'm selling my Tesla Model X. The buyer wants to make sure he can get approved, but he says he needs the title to do so.
Should I give a potential buyer a copy of the title?"
Answer provided by
Answered on May 28, 2021
“No, you shouldn’t give them a copy of the title, as this isn’t a requirement for the loan. No lender will ask for the title on a car for approval or pre-approval.
Instead, give them the Model X’s VIN. This should be all they need to get approval for a car loan as well as secure car insurance.”
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.
Browse by topics
What others are asking
What kind of car insurance coverage do you recommend for a teen driver with a newer vehicle?
I'm 18 and my dad gave me a 2020 Toyota as a gift. What kind of car insurance should I get?
Feb 22, 2021
When is the right time to change your car insurance?
My current car insurance is pretty expensive and I'm thinking of switching to a different carrier. When's the best time to switch?
Feb 25, 2021