But it’s not like you must have the title in hand in order to sell or at least advertise the car private party. As long as the seller is transparent and the buyer understands the title will be provided once the funds clear and/or the bank mails it.
In the world of private party sales it’s not uncommon at all for cars to have liens that must be cleared before the title can be provided. It’s up to the potential buyer to be ok with that or not.
And I’m dealing with the NC DMV now on a title issue and all of the written correspondence has been surprisingly quick, within a few days time in all cases.
I’d be less concerned about that if I was buying private party with a lien than I would if I was buying from someone that claimed to have paid off the car and the title was in dmv limbo but couldn’t be verified
Just to close the loop - I was able to sell to Carmax here in NC for $38,600. So I got a check for $3,200 and walked away from the lease. The MSRP on the truck was $45k and I only ended up paying $180 a month (on a net basis) to drive it for 23 months. This was a great deal!
thank you for sharing your experience w/ TFS. I’m going to start a new post about some questions i have w/ them related to my '18 camry se w/ 21k mi where my current buyout is 14.8k after 750 down, 5.5k trade (wasn’t worth more than 2.5k bc the tranny was shot and it was banged up on all sides) w/ tire coverage where i was at 252/mo for 36 and CM just offered last week 22.5k for it.
in regards to yours, how much did you initially put down and was that final check tax-free, taxed already or are you on the hook for the 3% NC tax–envious bc NYC is 8.875%…did CM pay the dealer/3rd party buyout or was it your buyout of 35.5k?
