I've never done something like this before. I've always just traded in my previous vehicle's and bought from dealers up until now. Here's the situation. I bought a motorcycle back in 2005, I currently owe $6,400 for it and see that the average asking price is anywhere from $6,300 to $7,000 for the same model, year, condition, etc... I want to sell it privately so that I can maximize how much I get for it so I can fully pay it off. I spoke with the company that holds the loan and title (GEMoney) and they said that after they receive the full amount owed that it will take a full billing cycle before they issue the title. Is it normal in a private vehicle sale situation to have the buyer expect to wait at least 30 days to receive the title after paying in full for the vehicle and taking possession of it? Is it legal to sell someone a vehicle and allow for them to take possession but not provide them with rights to the title at the same time? Help me ATOT, you're my only hope! Cliffs: -Owe $6,400 on motorcycle and should be able to get that if I sell it privately. -Have a loan still on the amount owed and do no have possession of the title -How does a private sale work in this situation?