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I would like to sell my ar but have a title loan on it so I need to salvage my title. How would I do this?
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I would like to sell my ar but have a title loan on it so I need to salvage my title. How would I do this?



    




MSAD
Rating
Call the title loan place. Make sure they have the title on site.

When you sell the car. Have the purchaser meet you at the title loan place. The purchaser pays the title loan people (cash or certified funds). If the sells price of the car is less than you owe - you will need to pay the difference. Since the loan is paid, the title loan people will release their lien on the title and give it to you and the purchaser. You then sign the back of the title and give it to the purchaser. Have the purchaser give you a bill of sale - so you have a record the car was sold.


Brother Otter
Rating
You don't "salvage" your title. If you put your car up for sale, the title loan company must be paid off first because they're holding the title. The only way the new owner can get the title is if the loan company is paid and they release it. So that means you have to either sell the car for at least as much as you've borrowed against it, or show up with cash to pay of the difference.


oklatom
Rating
You can't sell what isn't yours. If you have a title loan, you have given the title to a lender in exchange for some money. Pay off the loan, get your title back, and then the car is yours to sell.


Rod Knocker
Rating
HUH?





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