Have No Fear, Car Buyer USA Is Here!
When you are ready to sell your vehicle and it’s financed, Car Buyer USA is here to virtually walk you through the process and make your transaction as quick as possible. Going into “sell mode” without all the needed information can delay the process by a few days to a couple of weeks, depending on what is needed.
Selling your financed vehicle to Car Buyer USA is a good idea for several reasons. First, it allows you to quickly be rid of the vehicle you no longer want or need, without the hassles of finding a private buyer and dealing with that headache. Secondly, we are willing to pay a fair price for financed vehicles and sometimes pay more which will allow us to pay off the loan for you. Additionally, selling to us is a convenient option, as we said, we will walk you through the process.
From years of experience in the vehicle industry, we have advised owners to check with a lender within 2-3 months of purchasing a vehicle to be sure they actually received the title with their name and lender’s name listed on the title. With several states now using Electronic Titles, a paper title will not be issued until the loan is paid in full. However, your lender and your state or local DMV can provide you with title information, showing ownership and lien information. Before you list your vehicle, be sure your lender can provide you with a title when the loan is paid in full.
You must be able to provide proof of title with proof of lien, have your loan account number and lender contact phone number and or contact person. Technology is so advanced, many lenders will require verbal or written authorization for someone to obtain a payoff quote. Some lenders will require a three-way call with the lender, seller and person requesting the payoff information. We suggest you be proactive and inform your lender you’re selling the vehicle and give the party requesting the payoff prior authorization to obtain payoff and title information. Be sure to have the loan account number, how your name is listed on the loan and the full VIN number is also a plus.
Selling a financed vehicle can be a win-win transaction for both parties if you’re well informed, organized and proactive. We will assist you from start to finish!
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