I don't understand the proccess of selling a car, can someone help?

Reginald Maxi: If you're selling to a dealer, they can help you handle the bank and the title. If you're selling to a private buyer, not having a clear title in hand is a HUGE handicap. Me, I would never, EVER buy a car from someone who didn't have a clear title. You could get a loan to pay off the car, and then pay that off when you get the money from the buyer. That's not the best option, but ...basically you aren't likely to have a lot of luck selling the car yourself without the title....Show more

Chet Nozick: Say you own $5000 to the bank for the car. You are selling it for $6000. (you can call bank and get exact pay off amount).You have a buyer show up and want to purchase the car. Instead of them giving you $6000, they give you $1000 and then they write a check to your bank for $5000. You cannot cash this check as its not made out to you....but it would be used to pay off the car. The buyer can even send this check in themselves. Or you can both cal! l and deal with it over the phone and then the bank can send the title to the new buyer.In your paperwork you should have a temporary title...showing that you are the owner but it has a lien on the car through such said bank.Cars are bought every day with titles floating, being paid off like you want, etc. Even the license bureau gives 30 days to clear up the title issues from buying and selling....hence why we have the 30 day temporary tag.To the guy who said he wouldn't buy it.....he lives a sheltered life and has no clue how the car industry works.Just call your bank....they will walk you through the process they prefer as all they want is their money....Show more