Selling the Tundra - CarForum.net - Car Forums, Automotive News and Community

pbasil1 · 02-01-2013, 08:22 AM

So im most likely selling my tundra to a buddy from work, and i was wondering what all i need to do? I have never sold a new vehicle that i still owe on, so im wondering what will have to be done to transfer the warranty and what not, and how the title gets transfered.

**Mike** · 02-01-2013, 10:12 AM

Warranty shouldn't need anything I do'nt think? afaik if its not too old and its in mileage range, warranty is good.

I'd assume you'd have to get the money, take it to the bank and have them release the lien, then transfer the title.

Why are you selling?

**S D** · 02-01-2013, 10:29 AM

When I sold my Lincoln I still owed money on the loan. I did the sale, final payoff of the loan, and the title transfer at the service counter of my bank - This made things go very smoothly and hassle free. They printed the lien release and official forms as the buyer and I were talking in the lobby, the whole deal took all of maybe 10 minutes.

pbasil1 · 02-01-2013, 12:37 PM

I financed through toyota, so there is no bank for me to go to. Thugh maybe the dealership has access to it all.

pbasil1 · 02-02-2013, 07:15 AM

Oh and im selling it because its no longer economic for me to own. In reality it sits in the drive way most the time, and rarely ever gets used as a truck. I do love m truck, but its just time i move on.

Not to mention the spar funds that will be freed up to dump into the supra

cars · 02-16-2013, 02:53 PM

First, when you own a car that's being financed, there is a LIEN on the vehicle.
If you're selling your truck in a private sale, what you can do is:

A. tell the person that there is a LIEN on the vehicle and ask them to come with you to pay it off on sale.
B. Pay the car off, get the receipt for it.
C. Go to your local DMV and do a LIEN search. It should come up as no records found (as in the government failed to find a vehicle that has a lien on it).

Title transfer should be normal.
If you sell the car with a lien on it and you decide not to pay it off, it's the current owner's responsibility and you're technically "off the hook".

If you owe 15k and you sell the truck for 16k.
That doesn't leave you with much.

02-01-2013, 08:22 AM	#1
pbasil1 Boosted Audiophile Join Date: Jul 2006 Location: Annapolis, MD Posts: 2,263 Rep: 195	Selling the Tundra So im most likely selling my tundra to a buddy from work, and i was wondering what all i need to do? I have never sold a new vehicle that i still owe on, so im wondering what will have to be done to transfer the warranty and what not, and how the title gets transfered. __________________ 1991 Supra - Fully built! 2010 Toyota Tundra Rock Warrior US Amps MD3d - Tcsounds LMS-R Audison Lrx 2.250(x2) - Morel MT-23 and CDM-88 Audison Lrx 4.300 - Dynaudio Mw180 "Its worse than porn...at least I can get a girl...no way I can get that car. lol" -Gandalf

02-01-2013, 10:12 AM	#2
Mike Community Director Join Date: Jun 2008 Location: Between a rock and a hard place. Posts: 6,145 Rep: 129	Warranty shouldn't need anything I do'nt think? afaik if its not too old and its in mileage range, warranty is good. I'd assume you'd have to get the money, take it to the bank and have them release the lien, then transfer the title. Why are you selling? __________________ Take me down to the paradise city where the grass is green, and the girls are pretty. \| Save a tree, support your local drag strip! Read the rules! \| DO NOT REPLY TO SPAM Daily Driver: 1996 Chevy Blazer LT 4x4 - 235k miles Girlfriend's Car: 2003 Oldsmobile Alero GLS 3.4L 4 door - 130k miles Bike: 1981 Yamaha XS 400 Plow Truck: 2000 Chevy Silverado 2500 LT - 190k miles [6.0L, 4x4, ECSB, Eaton Rear Locker] Others: 2012 Chevy Cruze automatic, Sonic sedan manual, both 1.4 Turbo, LT trim

02-01-2013, 10:29 AM	#3
S D Forum Editor Join Date: Mar 2007 Location: In the garage. Posts: 1,667 Rep: 51	When I sold my Lincoln I still owed money on the loan. I did the sale, final payoff of the loan, and the title transfer at the service counter of my bank - This made things go very smoothly and hassle free. They printed the lien release and official forms as the buyer and I were talking in the lobby, the whole deal took all of maybe 10 minutes. __________________ Simplify, then add lightness.

02-01-2013, 12:37 PM	#4
pbasil1 Boosted Audiophile Join Date: Jul 2006 Location: Annapolis, MD Posts: 2,263 Rep: 195	I financed through toyota, so there is no bank for me to go to. Thugh maybe the dealership has access to it all. __________________ 1991 Supra - Fully built! 2010 Toyota Tundra Rock Warrior US Amps MD3d - Tcsounds LMS-R Audison Lrx 2.250(x2) - Morel MT-23 and CDM-88 Audison Lrx 4.300 - Dynaudio Mw180 "Its worse than porn...at least I can get a girl...no way I can get that car. lol" -Gandalf

02-02-2013, 07:15 AM	#5
pbasil1 Boosted Audiophile Join Date: Jul 2006 Location: Annapolis, MD Posts: 2,263 Rep: 195	Oh and im selling it because its no longer economic for me to own. In reality it sits in the drive way most the time, and rarely ever gets used as a truck. I do love m truck, but its just time i move on. Not to mention the spar funds that will be freed up to dump into the supra __________________ 1991 Supra - Fully built! 2010 Toyota Tundra Rock Warrior US Amps MD3d - Tcsounds LMS-R Audison Lrx 2.250(x2) - Morel MT-23 and CDM-88 Audison Lrx 4.300 - Dynaudio Mw180 "Its worse than porn...at least I can get a girl...no way I can get that car. lol" -Gandalf

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Selling the Tundra

02-16-2013, 02:53 PM	#6
cars Junior Member Join Date: Feb 2013 Posts: 12 Rep: 10	First, when you own a car that's being financed, there is a LIEN on the vehicle. If you're selling your truck in a private sale, what you can do is: A. tell the person that there is a LIEN on the vehicle and ask them to come with you to pay it off on sale. B. Pay the car off, get the receipt for it. C. Go to your local DMV and do a LIEN search. It should come up as no records found (as in the government failed to find a vehicle that has a lien on it). Title transfer should be normal. If you sell the car with a lien on it and you decide not to pay it off, it's the current owner's responsibility and you're technically "off the hook". If you owe 15k and you sell the truck for 16k. That doesn't leave you with much. Last edited by cars; 02-16-2013 at 02:57 PM.