At the Department of Highway Safety and Motor Vehicles (FLHSMV), they state:

"In Florida, a vehicle cannot be legally sold in a private sale if there is an existing lien. For the vehicle to be legally sold, the lien must first be satisfied. Once the lienholder reports to FLHSMV that the lien has been satisfied, the title can be transferred.

Consumers can trade in a vehicle with an existing lien at a dealership. The dealer will have 10 days to satisfy the lien prior to selling it to another customer. It is not necessary to request a paper title prior to trading a vehicle with a licensed Florida dealer."

So, can you sell your car if you still owe money on it? The short answer is yes, but through Duval Motor Company.

Selling to Duval Motor Company with an Existing Lien

When you choose to sell with us, we do a thorough appraisal of your vehicle to ensure we offer you the best deal possible. Some things we take into consideration are:

  • Supply: How many cars like yours are on sale in or near the Jacksonville area?
  • Value Range: Where does your vehicle's value look like?
  • Demand: How many days would it take to sell your car versus the average vehicle like yours?
  • Costs: What are the potential costs associated with your vehicle? Ex. Depreciation, advertising costs, net profit, etc.
  • Condition: Are there any discrepancies that exist between the report and your car's actual condition?

After the appraisal, we'll estimate a fair price of the value of your car. If you still owe money on the car or it needs critical repairs, we will factor these costs in when appraising it.

Get Your Value Today

Start an online appraisal or visit us in person to get an estimate of what your car is worth. We'll take the hassle off your hands by buying your car for you.

Categories: Sell My Car, Social