If your car has a lien and your trying to sell it, is it the lesser evil selling it to a dealership or selling it privately?

10 Answers

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  • Anonymous
    2 months ago

    As it has a lien YOU CAN'T SELL IT.  You pay off the lien first so that means selling the wife, your stash, work for $$ and pay off the lien.    

    . Everyone knows what a lien is EXCEPT YOU?

  • Anonymous
    2 months ago

    You have to pay off the lien before selling to anyone.  I would not sell to a dealer.

  • 2 months ago

    It is easier to do it thru a dealer.   If you sell it privately then you got a little catch 22 situation.   A buyer is not going to really want to turn over the money until he sees the title signed over to him.   The loan company is not going to really want to sign over the title until the money is in their hands.    So as a private seller the best bet is to go to the bank where the title is being held and arrange for a bank officer to act as a third party during the transfer.   The buyer needs to bring cash or a certified check.  

  • Mr.357
    Lv 7
    2 months ago

    A dealer is only going to give you about 1/2 the retail value.

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  • 2 months ago

    You have to pay off the lien before selling to anyone.  I would not sell to a dealer.

  • 2 months ago

    Evil? You either trade the car in at the dealer and they contact the lien holder to pay off the lien or you take the buyer to your lender to pay off the loan and get the title stamped and signed to release the lien.

  • Anonymous
    2 months ago

    Hard to sell a car with a lien.  A dealer will NOT touch it.  A private seller might not have a clue about a lien but you will get sued hard if the buyer finds out he cannot get a title.

  • ?
    Lv 7
    2 months ago

    Andre is a bit confused about your question - 

    You will get more money for the car if you sell it privately. However, you will not get full retail value as you will have to work with a buyer to get the cash to pay off the loan then wait to get the title - could be weeks for the new owner to take legal possession (he could always keep it at his place but not drive it). Depending on your definition of evil, getting a low ball amount for the car at trade or getting a low ball retail amount to private purchaser will be the deciding factor.

  • Anonymous
    2 months ago

    Your problem is, unless the lienholder is local nobody except a dealer is going to buy it from you and even then they would pay the lienholder, not you.  If your lender is local then you meet the buyer at your bank and use their money to pay off your loan, get the title and sign it over to the new buyer.  You will find it difficult to find a private party buyer for any car over $5000. 

  • 2 months ago

    Until you can clear the lien, you cannot sell the car. No buyer will buy it, and if you try to sell it without informing the buyer about the lien, the buyer will sue you and they will win.

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