Selling a financed car & release of liability?
I'm selling a financed vehicle and we're doing a bill of sale and i will user the buyers cash to mail in to Honda for the pay off amount.
The buyer will be taking the car until I get the title, but the car will already be paid off with a cashiers check from the buyer( i will be present with buyer when getting check)
so my question is do i fill the release of liability when he takes the vehicle with bill of sale? Or when i get the title and send him the title?
I'm selling a financed vehicle and we're doing a bill of sale and i will user the buyers cash to mail in to Honda for the pay off amount.
The buyer will be taking the car until I get the title, but the car will already be paid off with a cashiers check from the buyer( i will be present with buyer when getting check)
so my question is do i fill the release of liability when he takes the vehicle with bill of sale? Or when i get the title and send him the title? You are the owner of the vehicle until the title is transferred to the new owner. That's when you submit the release of liability. Title
Title
- Trading in financed car? I have a 2016 Hyundai with 35k miles. I still owe $14,500 on the car. Is it possible to trade the car in for instance, a $9,000 used Honda, without owing money? My goal is to eliminate monthly car payments.
- I'm selling my 50mpg car. What car should I get next? I'm selling my Honda Civic that gets 50mpg on the freeway due to it being too cramped. What car should I get next: 1. Honda Element 2. Honda CR-V 3. Honda Odyssey 4. Honda Fit 5. Toyota Sienna
- I've financed a car and put 1,000 down, it's been 2 days and the dealer still Looking a for a bank but I've been approved already? So I've put 1,000 down for my car at Honda and everyday passes but still same response from the dealer "still working on a approval" but they have my deposit and they already approved me. Is this even legal, Can they hold my deposit and not give me the car. Would I lose my deposit if I'm not approved?
- Some kind of pressure release and fog came from my 2008 Honda Civic. What could it be? So my car wouldn't start this morning, mot even the power locks. AAA came out and said it looks to only be a dead battery but, with the car still running, there was a loud sound like a pressure being released and a fog came out from under the car. My wife said it smelled like freon from the air conditioner. What could that be?