NJ Private car sale - waiting on title

StatenEye · 09-27-2018, 02:19 PM

Hey guys,

I recently paid off a car they i'm looking to sell this weekend. I don't have the title on hand as i'm waiting on it to arrive from the lender. Do i have to wait until i have the title on hand to make the sale or is there another way?

thanks

E92n55slo · 09-27-2018, 03:13 PM

Quote:

Originally Posted by StatenEye

Hey guys,

I recently paid off a car they i'm looking to sell this weekend. I don't have the title on hand as i'm waiting on it to arrive from the lender. Do i have to wait until i have the title on hand to make the sale or is there another way?

thanks

Would you buy a car without a title from a stranger? Your best bet is taking a deposit til you have title

gxe2se · 09-27-2018, 11:19 PM

Can't really sell a car without title. Buyer would request it.

I would wait as suggested to save yourself the headache of explaining to potential buyer that you dont have the title.

mifesto · 09-28-2018, 11:07 AM

Quote:

Originally Posted by StatenEye

Hey guys,

I recently paid off a car they i'm looking to sell this weekend. I don't have the title on hand as i'm waiting on it to arrive from the lender. Do i have to wait until i have the title on hand to make the sale or is there another way?

thanks

your only recourse is to call your lender and request it be expedited and possibly pay extra to overnight it.

StatenEye · 09-28-2018, 11:44 AM

Quote:

Originally Posted by mifesto

your only recourse is to call your lender and request it be expedited and possibly pay extra to overnight it.

Yea thats what i tried to do. Well see what happens.

mrdoja · 09-30-2018, 09:45 PM

You could use an escrow too - a third party that holds buyer's money until contract is fulfilled and both buyer and seller sign off. They usually charge a fee however.

09-27-2018, 02:19 PM	#1
StatenEye Banned 549 Rep 2,821 Posts Drives: X5M F85 Join Date: Aug 2008 Location: SI NY iTrader: (4) Garage List 2016 BMW X5M [0.00] 2011 BMW X5M [9.00]	NJ Private car sale - waiting on title - question Hey guys, I recently paid off a car they i'm looking to sell this weekend. I don't have the title on hand as i'm waiting on it to arrive from the lender. Do i have to wait until i have the title on hand to make the sale or is there another way? thanks
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09-27-2018, 11:19 PM	#3
gxe2se Second Lieutenant 39 Rep 207 Posts Drives: 2011 e90 Xdrive Join Date: Oct 2016 Location: Northern NJ iTrader: (8)	Can't really sell a car without title. Buyer would request it. I would wait as suggested to save yourself the headache of explaining to potential buyer that you dont have the title.
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09-30-2018, 09:45 PM	#6
mrdoja Private 33 Rep 58 Posts Drives: E92 6MT Alpine White Fox Red Join Date: Sep 2018 Location: Marlton, NJ iTrader: (0)	You could use an escrow too - a third party that holds buyer's money until contract is fulfilled and both buyer and seller sign off. They usually charge a fee however.
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