How can sell my used car if I'm still making payments on it and and state farm owns the tittle?

Question

How can sell my used car if I'm still making payments on it and and state farm owns the tittle?

Answer 1

decide the total dollars that will clear the state farm loan and find a buyer --then take the buyer to the state farm office and let the new buyer deal with the pay-off and get the title --- all you gotta do is figure out what $$$$$'s you need and find a buyer--- be honest about the deal and you can get it done ....

Answer 2

>>  state farm owns the tittle

You don't. That is why STATE FARM is holding the title.

Good Luck...

Answer 3

go to ur bank and ask

Answer 4

I thought state farm was an insurance company.  Did your car get in a wreck and was totaled?  If so, it belongs to state farm and they gave the fair market value to the bank that holds the note.  If the fair market value didn't cover what you owed, you need to continue making payments until the balance reaches zero.  If they totaled your car, but allowed you to buy it back for salvage value, it now has a salvage title, but you still can't sell it until you pay if off at the bank.

If you would like to add some detail as to what your situation really is, you'll get a more precise answer.

Answer 5

I assume you have a loan on it through State Farm Bank.  As with any bank the loan must be paid off prior to them releasing the title.  If the buyer is paying cash, you can ask them to pay it, sign a contract / bill of sale saying you are paying off the loan with his payment and will transfer the title as soon as it is received.  He will not be able to get plates for it, so alot of people may not want to do it.  Otherwise, you will need to pay it off yourself to get the title, then sell it.

Good Luck!