Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is it legal for a current buyer sell the rights of his automobile without contacting the lender?

0
Posted

Is it legal for a current buyer sell the rights of his automobile without contacting the lender?

0

If the lender still has a lien on the vehicle, they are co-owner (and in a legal sense, probably full owner) of the vehicle. If your question is can you sell the vehicle to another owner, the answer is no – you are not the holder of the title, and the new owner will need the title transferred to be the rightfull owner of the vehicle. Once your car is fully paid off, the lender will send you the title to your vehicle, and release the lien they have on the asset. Then the car is yours to do whatever you wish with it.

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123