When I sell a vehicle to a private party, and transfer the title, does it have to be current?

I am selling a vehicle my husband and I purchased a while back. When we had bought it, we had a loan. So, naturally, the title says there is a lien. The car is paid off and we never recieved a new title. Can I still sell the car? As some of you may know, this is not my expertise.

When I sell a vehicle to a private party, and transfer the title, does it have to be current?

If the car is paid off, you need to get a release of lien statement from the bank. That with the title should be enough to transfer the title to a different owner.

When I sell a vehicle to a private party, and transfer the title, does it have to be current?

Check with the DMV. They will collect any unpaid fees. You may need to get in touch with the lender, to give a payoff letter; the DMV will tell you what they need.

When I sell a vehicle to a private party, and transfer the title, does it have to be current?

Where ever you paid off the loan they should have given you a piece of paper that says on it release of lien. That alone with the title is enough to fix the issue. Give them both to the buyer after you photo copy them for your records. Remember to copy the front and the back of the title showing the transfer inormation, mileage and date. If there is an issue later you can prove you sold it and to whom. You were supposed to take this release paper and your title to dmv and have them issue you a new %26quot;clear%26quot; title. If you do not have such form call the finance company and they will send you another. The only thing they should need is your account number and or the 17-digit vehicle id number of your car.