AskPatty Certified Female Friendly Logo
My question is actually about selling my car, not buying... :) I am moving from Pittsburgh, PA to San Francisco, and I want to sell my car. Unfortunately, it is not yet paid off (I owe about $3,000 on it). It's Blue Book Value is around $4,000, so I think I could make enough to pay it off once I sell it, but I have heard that you cannot transfer a title until a car is fully paid off. In other words, there is no way for me to sell the car on Craigslist on Ebay and use that money to pay it off. I am in a bit of a bind, because I don not want to spend my moving money on paying off the car, only to have it not sell and be left without funds to move. Do you have any advice? Thank you!

Answers from the Automotive Experts

Jessie L Thatcher, F&I and Sales Specialist at Reynolds and Reynolds Company  (Retired) Your bank holds the title to your vehicle and will not release it until the loan is paid in full. You need to call your bank to find out what they require and how much time it takes to release the title. Also check with your States Bureau of Motor Vehicles to find out what they require to get a temporary license plate. If, based on this information, the buyer is willing to wait for the title and just receive a notarized Bill of Sale that, in most states, they can use to get a temporary license plate then you should be able to sell the vehicle. Each state is different, as is each bank. Don*t do anything until you have all this information in hand.

Contribute to this question:


blog comments powered by Disqus

Related Chevrolet Cobalt FAQs


  • Car has no power when cold outside below 15 degrees front end shacks at 55 stops at 65 ? Read More
  • What type of transmission fluid does the Chevrolet Cobalt use and how much is needed for ... Read More
  • I have a 2007 Chevy Cobalt and have recently started experiencing when I drive over 50mph ... Read More
  • My daughters Chevrolet Cobalt won't start . She put a new starter and battery.It will ... Read More
  • My odometer and speedometer are jumping back and forth not reading correctly also my ... Read More
  • It seems the 07 Chevrolet Cobalt sounds like its high revs. What is the tachometer ... Read More
  • The check engine light for my 2006 Chevy Cobalt is on and is solid. I had it tested and ... Read More
  • I was at a chevy dealership and this is the price break down to replace an alternator and ... Read More
  • Will disconnecting the battery on my 2007 Chevy Cobalt reset the tcm? My transmission ... Read More
  • My Chevrolet Cobalt started sputtering and cut off tonight in a fast food parking lot. it ... Read More

Need Car Advice?

Ask The Experts!

Find Cars For Sale

Help Our Charities