Selling my truck on ebay questions

[k5blazin]

Hey guys i need some help.. Im thinking about selling my Nissan Frontier on ebay cause it wont sell around here. I do still owe some money on it and the bank has the title. My question is what would happen when i sell it on ebay? Do i just go to the bank that i have the loan out for and pay it off, then send the title to the buyer with a power of attorney saying that i signed off on it? Any help or insight would be great.

 

[cbbr]

You can do that, but many lenders (the other guys) won't like it at all. The oe time I sold one on eBay that was financed, I had the buyers bank wire transfer the $$ to mine and mine sent the title to me to sign and forward to the buyer.

 

[sweetk30]

go to bank and pay off. then get lein relese and attach it to the title. then sign over like normal. but i would make a copy of the relese first to save for any problems. thats all that is needed in my state as far as i know.

 

[k5blazin]

Ok well as far as i know in Pennsylvania both buyer and seller have to be present in front of a notary to sign the title over. unless you have a power of attorney letter saying that i already signed it over to the new owner of the car.. Should i put that i have a lein on the title in the Ebay ad?

 

[cbbr]

They may have to be present in front of a notary, but not at the same time. Also, if you sell it out of state, usually you just give them a bill of sale and sign over the title. They will register it in their state.