Lease Buyout Complete - Title in hand (Missouri) but do I need to register before selling?

[vcdechagn]

So I bought out my 2019 Pacifica on Dec 27th from Ally and received the Title and Lien release today. The back is signed.

Do I need to register it and get a new title before I sell it. The Title currently says “VAULT C/O [Lessee Name] - LSE” with my name in the proper place.

I realize I’m either going to have to pay the taxes on it or the purchasing party (dealer/carmax at this point with the best buyout) will.

In the end, what I want to know is can I skip the step and the additional two week wait to get a new title to sell it with the Title and Lien release as is and they will just take my tax liability out of the offer?

Does that make sense?

[forbs]

Usually yes you need to go through the process as most buyers won’t touch a ‘released title’

[Kctham18]

What you have is a lessor-released title. You can call and ask these buyers if they will accept a lessor-released title, but odds are these days, they won’t. Won’t know till you ask

[vcdechagn]

Thanks, that’s what I was trying to figure out. I will give carmax a call, and now that I know the proper term (lessor released title) it will be easier to communicate what I’m trying to accomplish.