Originally Posted by Wazbro
I don't have much experience selling, I do know it makes a big difference whether or not you have a loan and therefor the title. If you still have a loan you can't payoff to get the title before the sale it complicates things and would be easier to sell through a dealer that does consignment sales. Depending on your experience and ability to deal with people consignment might be the easier and safer way to sell even without the loan.
Having a loan on the unit at the time of the sell doesn’t complicate things. Yes it does cause a change in the buying process but can still be really simple. The seller just has to be honest with the buyer letting them know there is a lien on the unit. The buyer can then wire the funds directly to the lender/bank and after the transaction is complete, the bank can have DMV etc.. release the title. All of this can be noted in the bill of sale.