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Message
Selling a truck
Posted on 1/15/13 at 7:29 am
Posted on 1/15/13 at 7:29 am
I plan on selling my truck to another individual next week. Can anyone explain to me exactly what has to be done. I never sold one before and am clueless to this issue. I still owe a little on the truck if that makes a difference. Thanks
This post was edited on 1/15/13 at 7:34 am
5
Posted on 1/15/13 at 8:15 am to NattyLite
Posted on 1/15/13 at 8:44 am to NattyLite
(no message)
This post was edited on 12/21/21 at 9:35 am
Posted on 1/15/13 at 8:54 am to XanderCrews
A title shop as in the DMV or no?
Posted on 1/15/13 at 9:19 am to NattyLite
(no message)
This post was edited on 12/21/21 at 9:35 am
Posted on 1/15/13 at 9:45 am to XanderCrews
quote:
Take title to a title shop and sign over to said individual.
Someone please correct me if I'm wrong but, this is where you are going to run into an issue. You said you owe money on the vehicle which means you don't have the title, you lean holder does. You are going to have to deal with paying off you lender as well.
Posted on 1/15/13 at 9:46 am to NattyLite
quote:
A title shop as in the DMV or no?
As in a notary who does auto title work.
Posted on 1/15/13 at 9:48 am to NattyLite
quote:
. I still owe a little on the truck if that makes a difference.
Bank you owe would be the place to start because they have the title
Posted on 1/15/13 at 10:03 am to NattyLite
quote:
I plan on selling my truck to another individual next week
Any chance you are buying a new vehicle from a dealership at the same time? If so you can do an 'in and out'. I did this when a friend bought my truck. The dealership charged him about $175 (7-8 years ago). Basically, they treated it as a trade in for me so I got the sales tax credit. They immediately sold him the truck for the trade in price.
Posted on 1/15/13 at 10:21 am to ashy larry
No just an outright sale. Ive done the transaction with the dealership before. Makes things much much easier. The problem is I financed through ford credit and not a local bank so that's where the confusion is occurring.
Posted on 1/15/13 at 3:28 pm to NattyLite
quote:I've owned my vehicles out right, so every time I've sold one I just typed up a bill of sale, took their cash, signed the title, and gave them the keys. Since you still owe money on the truck, I suggest you call your bank and see how they handle it, I'm sure this situation arises often for them. Easiest way to handle is for you to pay off the truck and have the title in your hand when you are ready to sell.
Can anyone explain to me exactly what has to be done.
Posted on 1/15/13 at 4:54 pm to Lou
Make sure the bill of sale states SOLD AS IS.
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