It is perhaps not unlawful to market a car by having a lien about it , so long as the sale lets you spend the loan off and move the name into the brand brand new owner. Keep in mind, in the event that you still owe on a car, the financial institution has the motor car and, generally in most states, holds the name.
Numerous states ensure it is illegal to offer a automobile with out a title. In the event that you’ve lost the name, getting a replacement is just a process that is relatively simple. However, if you don’t have name as you didn’t spend your loan off, you’ve simply offered a stolen car – which will be definitely unlawful.
