How does it work if you sell your car through private sale but don't own it yet (financed)?

[StageLeft]

Since your bank/lender has car title until you've paid the entire amount off how do people go about selling a car that they do not yet have the title to? Do they just tell the buyer to pay the bank instead...? Is this even doable...?

 

[Viper GTS]

Or something like that....

Viper GTS

 

[glen]

You do the transaction with the bank.
So, the short of it is, the seller and the buyer can go together to the bank holding the title and the bank will supply all the required paper work.

 

[StageLeft]

Originally posted by: glen
You do the transaction with the bank.
So, the short of it is, the seller and the buyer can go together to the bank holding the title and the bank will supply all the required paper work.

Werd!