If I sell my motorcycle to someone and then pay off my loan to the bank (the current title holder), will this person still be able to register and insure the vehicle before I get the title in the mail some weeks later? I did this in the past and simply wrote a sales receipt/agreement with all the info including VIN and the guy had suppositly no problem waiting on the title. Anyone?
Selling a vehicle while bank still owns title?
Contact the lender. They will be able to expedite the whole sale so that the money to pay off the cycle goes directly to them and then they will send the proper paperwork via fax to release the lien so that it can be titled.
Selling a vehicle while bank still owns title?
Ask the lien holder how would they like this done. Follow what they tell ya. If you keep the money and don%26#039;t clear the lean--Dude you are in a heap of trouble.
Selling a vehicle while bank still owns title?
The bank won%26#039;t release the title til they have money in hand. The buyer will not be able to do anyting with it until he gets the title.
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