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May 30th, 2005 09:37 AM #3Originally Posted by pissword
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May 30th, 2005 10:55 AM #4
doesn't the transaction happen bank to bank/ institution to institution? so if you end up upside down, you pay the rest of the loan. then you get the lien release and the title, which you transfer to the buyer.
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May 30th, 2005 12:02 PM #5Originally Posted by sikuya
Salamat na marami!!!
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01 EX Ody
- Join Date
- Oct 2002
- Posts
- 437
May 30th, 2005 12:32 PM #7you can't sell a unit unless its paid and you hold the title. kung may lien pa that means you still owe money to the lienholder who is the one who financed your car. Try to get the Blue book value first, then ask for the payoff amount from your lienholder. Try to sell it to him but you would need to let his payment clear off, pay the lienholder and wait for the papers to be mailed which may take from 1 week to 2.
Yun nga lang, its up to you if you want to disclose to him the lienholder.
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May 31st, 2005 12:52 AM #8
Thanks guys!!!
Check ko din bukas sa DMV kung ano pang kailangan ko. Holiday kasi.....
Meron na akong bill of sale at yung titulo pirmado ko na.....
Pwede ko na kayang ibigay yun tapos mail ko na lang yung check sa lien holder ko. OK na kaya yun? Pwede na kaya nilang irehistro yung sasakyan pagkatapos ma-clear yung account ko with my current lien holder? Aalis na kasi ako this June 4th. Baka may kailanganin pa sila sa akin.
Salamat na marami ulit!
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May 31st, 2005 10:20 PM #9
HEy Macky. Looks like you're getting ready to go back to the PHils.
Here's what you do. If you are the seller, call your bank and tell them you are going to sell your car. When someone buys your car, ask the buyer to pay you by certified money order - both of you (seller and buyer) should go to the bank and have the money order verified - if its all clear, go to DMV.com and search for "deed of sale"....have that filled up and signed. Bring that with you in the bank and have that notarized by the bank.
There is a form called "trip permit" which the buyer can buy ($5 for 3 days), fill up the form online, print and attach it on the rear windshield. Buyer can temporary use that for 3 days and is renewable online. Once you (the seller) have the money order, notify your bank and have the paperwork done and send the money to them. They will send the title to you (seller, the original owner)...you will have to send that to the new owner (buyer) and its gonna be his responsibility to process the transfer at DMV.
You're done and off the hook.
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planning to keep it for 15yrs just done 10,000 km already replaced the transfer case fluid w/...
Suzuki JIMNY [merged threads]