so you expect the guy to give you 18k w/o a title? hmmm theres got to be a missing step. unless the bill of sale is good enough till you get title in hand

 

From what I understand, yes. I would disclose that I have a lein (bank loan), collect the loan check from the other parties lender, pay-off my loan and receive the title, then transfer the title to the new owner. Basically it would work the same way except the purchasing party would have to wait the few extra days for me to make final payment and get the title.

Someone who has done this correct me if I'm wrong.

 

sounds legit, but would suck for the buyer.

 

My asking price will be lower than most I see on autotrader, eBay... So the buyer will be rewarded by saving some green.

 

You wouldn't have the title if you have the loan. I don't understand the confusion.

 

Exactly, so the buyer would have to wait for the title to come in after I pay it off, with the money provided by the buyer, so that it can be transferred.

 

Correct.

:::edit:::

Take the buyer to your bank & have him pay the bank & they'll transfer the title directly.

 

Damn, never thought of going directly to the bank. Thanks.

 

when i sold my Z, thats what we did. he cut one check out for the bank and then the other check went to my account

 

yes, that

 

Would I still need to do a title transfer at the DMV?

 

New owner does that. If you trust the guy, get him to turn in the plate once you've canceled insurance (if not, take the plate yourself & tell the guy to follow you to the DMV).

You're only responsible for the old plate-- the new guy is responsible for filing the title once you've signed the bill of sale.

 

Ahh I see. And any notary should be able to draft a bill of sale right?

 

The bank can do that for you-- the title has a spot for transfers.

Call or visit your bank & talk to someone (if possible, have your loan reference number handy to make everyone's life easier).

 

Thanks alot guys

 

Welcome, guy.

 

Goes without saying but I'm selling my car guys.

2008 Nissan 350z
34350 miles
religiously maintained

Asking 17.5k obo for a quick sell, spread the word.

 

ura quick sell

 

I'm easy like Sunday morning.

 

damn, that is a good price. GLWS. I'll spread the word.