It can be a problematic procedure to sell a car without a title, so it can be helpful before you begin the process to know some valuable tips for selling a car that does not have a title. Depending on the reason for why the car does not have a title, you may want to target your sales goals differently. Learn about the best tips for selling a car without a title and be on your way to successfully selling the vehicle in your possession.
Your first step should always be to determine whether or not it is possible to obtain the title to the car in your possession before attempting to sell it. To start with, you can get in touch with the auto loan company and ask if there has been a lien placed on the vehicle. If you purchased the car without a title from its previous owner, you may also want to get in touch with that person to inquire about obtaining the title. If the bank still holds the title, you will simply need to call and make sure the lender can transfer the title to reflect its new ownership. If you have simply misplaced your title, you can contact the Department of Motor Vehicles (DMV) in your state to inquire about getting a new copy of your title. You may also be able to use a title service to locate and obtain your lost title. If the title cannot be located for any reason, only then should you move to begin the process of selling your car without a title.
If you discover that your only option is to sell the car in your possession without a title, then you have several avenues to pursue. One is to simply sell your car to one of the many companies that buy up junk cars. Most states allow junk car companies to repossess a car by legal sale without having to have a title. This is because the car will not be resold but will be stripped for parts and then junked. Another option you have is to obtain what is called a "surety bond" in place of the title. This assures the new prospective owner that you do in fact legally own the vehicle. To obtain a surety bond you will need to contact your state or local Department of Motor Vehicles office and go through the procedure your state uses to establish ownership before you will be eligible to purchase a surety bond. Once you have purchased a surety bond, you can apply to the DMV for a new title and sell the car. If your buyer is willing to purchase the car from you without a title, be sure that the buyer understands the full implications of their decision, and then be sure to get the terms of the sale in writing and signed by both parties to protect you legally.