Selling a car

[antoniusbl]

Are there any legal obstacles to selling a car that you have purchased but for which you still have an outstanding loan? I have been told that it is either extremely difficult or impossible to sell a car to which you do not own the title outright.

[Rocky]

Assuming that the holder of the title also holds the loan, he/she would have to be present at the point of sale, to sign over the title and receive his moneys due, and you would receive the balance.

I'm presuming that's what you meant.

[Fabio J. Guzman]

The question is whether the loan outstanding will be paid at closing. If it is, there shouldn't be any problems.