How does selling on Car Gurus work if I still owe the bank on the vehicle?

Asked by GuruTJ5R9 Jul 31, 2018 at 10:37 AM about the 2015 Volkswagen Beetle 1.8T

Question type: Car Selling & Trading In

Good morning. I just put together my listing. If someone shows up and wants
the car but the bank has the title due to pay off amount how will the sale work?
What are the transaction steps?

1 Answer
4,980

Title_Reguru answered 5 years ago

This question gets asked often but you just need the buyer to pay the lender directly and then your bank will release the title in their timeframe with the lien released. Make sure to sign off the title when received and put in the buyers information for purchaser. Make copies for yourself for future reference so there aren't any problems. Any other questions please email: vehicletitleadvisor@gmail.com

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