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My grandfather has a car and doctor said he cant drive he been diagnosed with alzheimers hes paying a note what to do?

How do we give this car back without hurting his credit?

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The lender doesn't want the car -they just want their money. If the car can't be used anymore, simply sell it and pay off the loan.

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You can't sell the car when the lender has the title, or even a lien against the title.
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You are correct. You need the title to sell the car and the lender has the title. Pay off the note, get the title and sell the car. It doesn't need to be done in that order.
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It DOES need to be done in that order.
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The car can be sold with the understanding that the title is not in hand. When the loan is paid off and the title retrieved, it can be signed over to the new buyer.
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It's always a shady deal since the seller can have a tough time getting a "notarized lien release letter" from the bank. In the meantime the new owner can't get plates.
If the new owner crashes with the old plates and insurance the seller is liable.
This is something that should only be done among immediate family members.
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Sell it on Craig's list and pay off the note.

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You can't sell the car when the lender has the title, or even a lien against the title.
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The best thing to do is to first talk to the lender of the car. Negotiate the car's cost and make sure that it is worth selling it at that amount. If you can't agree on the price, sell the car privately and then pay off your lender. This way you will not hurt your grandfather's credit.

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You may have to take somewhat of a hit on this. Jeep in mind that what's the most important is keeping both your grandfather and the public safe.

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His credit is the least of his problems! Try to sell the car to pay off the note. If you can't, contact the lender to voluntarily surrender the car.

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You can sell the car, if the lender isn't local you can let the buyer know they hold the title or see if they will assume the loan. Talk to the lender as well to see if the loan can be assumed by the buyer!

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You can't sell the car when the lender has the title, or even a lien against the title.
You have to work something out with the bank or finance company.
If many of the payments have been made there's equity in the car.
You have to try to wind up with as much of that as you can for his estate.
Find out the remaining balance on the loan.
Look up the trade in value at:
http://www.kbb.com/
If it's worth more than what is owed on it that's the equity.


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