BEETROOT

I finally found a buyer for my car, she wants to buy it today. I've never sold a car before, she's never bought a car privately. Neither one of us has any clue what to do. Can anyone help me out?

I have a loan with Honda Financial. She has the cash in the bank.

Does she give me the money, then I pay off the loan, then they issue her the title?

How does she go about giving me $14,000 or so without getting the title on the spot? Do I just take off my plates and hand over the keys when I get paid?

Can I pay the balance of my loan with a debit card over the phone?

Any advice would be appreciated, I'm clueless.

NSXNEXT

iTrader: (2)

First thing is to call Honda Financial and ask them what their procedures are.

pebe

You pay the loan so they can remove the Lien from your title. She can pay you in either cash or certified bank check, I wouldnt take a personal check (unless you are both willing to wait until it clears) She cannot register the car without the clear title, so you must wait for it before you give her the car (time it takes varies, when I sold my accord it took a week) For a little more precaution, we made a statement saying that the car is being sold "As is" and no warranties are given and get it notarized (just a safety step, not needed) Other than that, you should be good to go. Im getting ready to sell my CL this week, so I need to start doing these things also.

BEETROOT

^

I'm an idiot. They walked me through it. Its pretty simple.

In case anyone else ever needs to know:

1. Go to bank, transfer funds via money order.
2. Fill out bill of sale and release of liability forms (avail for DL from DMV)
3. Take off plates, hand over keys.
4. Mail check to Honda Financial Services to payoff loan, they mail title directly to new owner.