If you are in the market for a new car but also need to sell the car that you have, there are some important things that you need to know. If you want to sell a working car you need to find a buyer and have a title on hand to sign over to the new owner for a price. If the car is not running there is still a market for the vehicle and there is always someone that still wants it. You can sell the car that is not running but you have to have a title in order to complete the transaction. The tile on a vehicle is something that can be misplaced along the way because you usually have to hold onto it for such a long time. It is important to know what you can do to get a new title.
Citywide Towing Service Outlines How to Get a Car Title
Check for Lien on Car Title: When you go and purchase a new car or even a used car most people get a loan. The loan is applied for and given by a bank that will end up paying the dealer for the car so that you can drive away with it. You will be on the hook for the payments and you need to make them to the bank on a regular basis. When the bank pays for the car they need a way to protect their investment and the way they do that is to put a lien against the title. This shows that someone other than the buyer has to be paid before the title can be transferred. Once the loan has been paid off the title will be cleared and mailed to you. Then you are able to sell or junk the car without any problem.
Apply for a New Car Title: If you know that you don’t have a lien on the title and that you want to sell the car but you have misplaced the title you need to get a duplicate. The duplicate title can be applied for at your local DMV. They will require paperwork to show that you are the legal owner of the car and that the title is clear of any liens. You pay a fee and the title will be mailed to your address. Once it is in your hand you can sign it over and sell it to a new buyer.
Can I Sell a Non Running Car?: You do not need to have a running car to sell it to a private party. You can sell a car that someone wants to use for parts if that person is okay making the repairs etc. You still need to have a clear title to make the sale. Then you can hire a tow truck to take the car to the new owners house.
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When you sell a car in Texas, the buyer is responsible for completing the DMV title transfer. As the seller, you must provide the current title signed over to the new owner by you, A signed Application for Texas Certificate of Title (Form 130-U) and a lien release if applicable. Citywide Towing Services doesn’t just tow vehicles and other roadside assistance. We buy unwanted cars for cash too. Contact us to learn more today!