Can I Sell My Car Without a Title?
The title to your car is a legal document that verifies you are the owner. Some states call them pink slips. They are provided through your states Department of Motor Vehicles, or DMV, at the time of purchase. They are also issued for all other motorized commodities, including motorcycles, boats, water crafts (jet skis, etc.), construction equipment, https://junkyardsnearme.us/ and more. Because of this, most people assume you need to have a car title to sell a vehicle. However, it is possible to sell a car without a title, so long as you can meet other criteria that proves you are the owner of the vehicle. Continue reading to learn how to sell a car without a title.
Selling a Car
When a person sells a used car, they have to turn over the car title to the new owner. This serves multiple purposes. First, the car title proves that you are the true owner of the vehicle. It also proves that the vehicle is not stolen and that you have the legal right to sell it to anyone you choose. The title is also needed for a purchaser to take over ownership of the vehicle and register it in their name. Once the title is transferred into the purchaser’s name, they can prove that they are the new, legal owners of the vehicle.
With these facts, you may be confused how someone can actually sell a car without a title. Well, if you want to sell your car to a private party or a dealership, you must have a title. However, you can sell a car without a title if you choose another type of buyer. For instance, there are several junk car buyers that pay cash on the spot for salvaged vehicles and vehicles without titles. So long as they can verify ownership using alternative methods, you can sell them your title-less car or truck.
If you do not have the title to your car, but you took out a car loan, it is most likely that your bank has the title. If you lost the title, you can apply for a replacement title before selling it to another person. Just contact your local DMV in the state your car is registered in and ask them about replacement car titles. If you are selling your vehicle to a junk car buyer, you may be able to prove ownership without a title using your registration, insurance information, and drivers’ license.