This forms package contains a Bill of Sale, Odometer Statement and Promissory Note. It is for the situation where the Buyer may be making a downpayment and paying the balance over time.
California Automobile Bill Of Sale With Lien In San Diego
State:
California
County:
San Diego
Control #:
CA-00431-C
Format:
Word;
Rich Text
Instant download
Description
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FAQ
When there's a lien on your car, the lienholder maintains legal control. While you have the right to register the car in your name and legally drive it, you do not have the right to sell that car to another person. Yet there's no need to panic, as it's not impossible to sell a car with a lien on it.
Notify the vehicle owner: You must provide written notice to the vehicle owner about your intention to place a lien on their vehicle. The notice should include details about the claim, the amount owed, and a deadline for the owner to respond or rectify the situation.
Selling your car while it is under a lien is possible. There are several ways to do this, including going to a dealership or going through a private buyer. Do your research to determine which will give you the best deal for your car.
What Documents Will I Need To register the vehicle? Vehicles valued at $4,000 or less: You will need a REG 168A. A bill of sale from the lien holder to the new buyer. Vehicles valued at $4,001 or more: You will need a REG 168. A bill of sale from the lien holder to the new buyer.
This is a civil matter. There is no debtor's prison in the US. Any sale of the car remains subject to the liens and the remedy for the buyer is to sue you. You will not be arrested for a civil claim.
Selling your car while it is under a lien is possible. There are several ways to do this, including going to a dealership or going through a private buyer. Do your research to determine which will give you the best deal for your car.
The Bottom Line. Liens won't automatically hurt your credit. Consensual liens are harmless, so long as they're repaid. Others, such as mechanic's or judgement liens, can negatively impact your financial situation.
How Do I Get a Bill of Sale? Pick one up at your local DMV office by requesting a printed copy of the form. Visit the California DMV's website and download a bill of sale. You can then print it out and complete it with the buyer of the vehicle, this will be counted as a valid California vehicle bill of sale.
The California Lost Title Form Process Step 1: Fill Out Why You Need a Duplicate or Paperless Title. Step 2: Fill Out the Legal and Registered Owner Information. Step 3: Contact the California DMV to Determine What Other Forms You'll Need. Step 4: Provide a Lost Title Bond if Required.