What is the protocol for for selling a car with a lien on it?

Arlene Maycumber: If you sell the car you will have to pay the difference at that point to get the title released to be able to give that to the new buyer. If it is worth what you owe then you will break out of it. Here are your options.1-Sell the car and if there is a difference between what you sell it for and what is owed then pay that at the time of sale.2-Trade the car and try to have any negative equity eaten in the new loan. If you buy a new car that has $1000 rebate and you apply that towards the new loan it will help eat $1,000 of any negative equity you have.3-Pay extra on the car payment for a bit to help lower the balance and position yourself for a better trade or a sale!...Show more

Corrinne Ruozzo: 2. Try and sell the car to pay off the car and give the buyer a clean and free title.