Where Can I Sell My Truck Without a Title?
There are several places that you can sell your truck without a title. Keep in mind, however, the title is necessary to show proof of ownership for sale. So if you’ve lost the title, contact your local DMV to get a copy of it prior to selling.
The Bank Has My Title
Still owe money on the truck from your bank or auto lender? No worries, you can still sell your truck without a title. It will, however, require you to take a few extra steps to transfer ownership to the new owner. Below are some steps on how to do this:
Find the Right Buyer
The first thing you’ll want to do is find someone that is willing to buy your truck without a title. There are several options. Based on the condition of your truck, how much you want to get for it, and how fast you want to get the cash for your truck, you can make the choice best suited for you:
- Place an ad in the classifieds – online ads are the most common way to sell your truck without a title. It is also one of the most time-consuming as it will require you to do all the work. From creating the ad to scheduling test drives, selling your truck can take a long time this way.
- Go to a dealership – do this if your car is in good condition or you plan on getting a new truck. You can either sell your truck for cash or trade it in for a new one. If you prefer cash but your truck is older, getting the price you want from a dealership may be difficult.
- Car Buyers – Car buyers such as Sell My Car Online can be your best solution when looking to sell your truck fast without a title. From start to finish the process can be completed within 24-48 hours. You get the cash you need fast, no matter what the condition of your truck is.
Use the Funds to Pay the Lender
To secure the title for your truck, you’re going to have to pay the remaining balance on your auto loan. This will need to be explained to the buyer as they will need to wait to receive a title. Once you get the funds to pay off your loan, the lender will provide you with the truck’s title.
Transfer Ownership of Your Truck
Now that you have the title, you’ll need to sign it over to the new owner – transfer of ownership. You can ask your lender to send the title to the company or individual who purchased your vehicle. You’ll need to provide their name and contact information so that the title can be forwarded to them.
Not having the title to your truck or car does not mean that you won’t be able to sell the vehicle. If you can prove the vehicle is yours with a registration or notice from the titleholder, you can sell it. Transfer ownership as soon as possible so that the new owners can legally register and drive your truck.
Want help with the transfer of ownership process? Need cash fast? Sell My Car Online will buy your truck without a title and take care of all the paperwork for you. Call us at (855) 929-0828 to get started.