loan question
Likely, your buyer will take a loan from his bank, which will pay off the current lien and issue a new one as collateral for the buyer's loan.
You can find all the required forms on your state's DMV website. The DMV paperwork is pretty straightforward as the instructions aren't heavily worded. There are just 4 or 5 forms that need to be filled out, including the notarized Bill of Sale. A majority of your time will be spent structuring how your buyer's financial institution will be interfacing with yourself, Infiniti Financial (or whoever the current lienholder is, if not yourself), and the buyer him/herself. Then there is that one day of waiting in line in the DMV to register the car/acquire plates/pay tax on the vehicle.
You will need to do your own research on the DMV website as finding out exactly which forms are required and what exactly is needed to accompany those forms won't be discussed in its entirety here.
You can find all the required forms on your state's DMV website. The DMV paperwork is pretty straightforward as the instructions aren't heavily worded. There are just 4 or 5 forms that need to be filled out, including the notarized Bill of Sale. A majority of your time will be spent structuring how your buyer's financial institution will be interfacing with yourself, Infiniti Financial (or whoever the current lienholder is, if not yourself), and the buyer him/herself. Then there is that one day of waiting in line in the DMV to register the car/acquire plates/pay tax on the vehicle.
You will need to do your own research on the DMV website as finding out exactly which forms are required and what exactly is needed to accompany those forms won't be discussed in its entirety here.
Last edited by hwa; Jun 27, 2007 at 12:10 AM.
but i still didnt pay off the loan can i still sell the car or i gotta let them know b4 i sell the car??
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