How do you sell a Motorcycle with a lien from a credit union before the loan is payed off you dont have the money to pay off the loan and the bank will not release the bike to the buyer without it? |
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Answer
You cannnot.
Answer
you can do so by having the buyer meet you at the credit union. they will have to sign paperwork to assume the balance of your loan, and at that time <provided the credit union will approve their credit> they will give you whatever funds are in excess of the loan amount. If you're not getting enough, you will have to pay the difference.
First answer by Clay. Last edit by Smokinhydes1. Contributor trust: 104 [recommend contributor]. Question popularity: 49 [recommend question]
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