Sunday, September 9, 2012

Sell Car Without a Title

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Depending on the laws in your neighborhood, you may or may not be able to sell your car without a title. Before you try to sell your car without a title, you should talk to your local Dmv to see if it is possible, or even legal. Even if it is legal to sell your car without a title, most buyers are regularly very hard up to buy them.

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A car's title proves who owns the vehicle. Most car titles include the same basic information: owner's name and address, make, model, color and mileage at time of purchase. If you try to register a car without a title, it may be a qoute because the Dmv then has no way of knowing if you are the true owner.

Most cars that are sold without titles are because the title is in the ownership of a third party, due to loans. In these cases, the seeder should either pay off the balance of the loan before selling the vehicle, or arrange for the car to be sold while the lien possessor transfers the title to the new owner. Some just lose the title to the car they are attempting to sell.

Obtaining a transfer isn't hard, but there may be some cases where that is not an option. If this becomes the case, you must either fill out a "lost title" form at your local Dmv office, or go through a title service. These regularly work by providing you (for a fee) with a bill of sale for your vehicle, which you then take to the Dmv and secure a title. Before using a title service, check the laws in your state. It's difficult to sell a car without a title, but it's not impossible. Using the steps that are outlined here, it can be done.

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