How to Sell Vehicle with Title Loan
Several car owners sell their cars privately, either to dealers or individuals. Similarly, many car owners have their cars financed through banking institutions or credit unions. Title loans have become more prevalent as it's become more difficult for consumers to borrow money in other ways. Credit cards are harder for some people to get, home equity lines of credit have dried up, and many states have tightened regulations around payday loan lenders. Auto title loans have become a last-ditch financial lifeline for many. Now the question is: If you don't have the title, how will you sell a car ? Vehicle with Title Loan What is title loan? An auto title loan is lent to an individual on the basis of his/her car title and the amount of this title loan is determined by the worth of the car. If you are unable to repay the full loan or it goes in default, then the loan company has the right to sell off the car and get back the amount of the loan. Approximately half of US state