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Money and Finances
Reply to "Selling car with loan balance"
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[quote=Anonymous]For what it's worth, when I used to shop for used vehicles, I'd only consider ones where the owners had title in hand. There was one really good deal where I decided to take the plunge and scoop it up. But after a month or two, the seller still couldn't come up with the money to pay off the loan and get a lien release. So ended up returning it. So if you're able to, I would try to pay off the loan so you can get the lien release sooner and it will allow a faster and smoother transaction. Especially if you'll be moving soon, it would be better to have that part taken care of. Is the financing company local, where you can just walk in and get the paperwork or do you have to wait for things by mail?[/quote]
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