I had a loan on the G, so my title said "One Lien Holder" on it, few months ago, I paid off the loan, and I got a letter from Chase bank specified the loan is paid, and I will need the letter to trade in or sell the vehicle,

my question is if I want to sell it privately, must I get a new title that has the "One Lien Holder" removed? I was told by the DMV that it required 60 to 90 days to get the new title.

Would you guys buy a car with a lien holder title and a letter specified the lien was released?

What else can I do?

thanks.

 

The lein release letter is fine. at least in NJ it is just call your local DMV office and ask them

 

the buyer could always call the lender to confirm the letter

FYI, I've sold a few cars with just the letter/title