Does PrivateAuto Handle Loan Payoffs?
PrivateAuto currently
does not have an option to purchase a vehicle with a lien. However, lien payoff services are something we look forward to introducing in the future!
There are some options you can apply on PrivateAuto if your car does have a lien on it.
Know beforehand that it's always best to have a
clear title in hand if you're selling your car privately.
There are still scenarios where a private buyer would be willing to purchase a privately listed vehicle with an outstanding loan. For example, if the buyer is local and can meet at your bank to pay off the car directly, this gives them peace of mind that they will get a clear title.
You can list your car and mention in the description about a payoff, so buyers are aware of the outstanding loan upfront.
PrivateAuto offers many
helpful features to assist with private sales, and we urge you to take advantage of them! We look forward to adding even more features to our platform in the future to make PrivateAuto a better user experience for everyone!