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You cannot transfer a vehicle without removing the lien on it. BUYER: ?If a vehicle has a lien on it, get the seller to pay off the loan and provide a lien release letter. Alternatively, you can pay off the loan, get a lien release letter and pay the seller the remaining balance.

When you sell the vehicle, you must obtain a lien discharge showing you paid off the loan and the lender released the lien. Some lenders will charge for this service. Reviewing your loan agreement carefully is important to understand what penalties you may incur.

Having a lien on your asset, such as a property, can make it hard to sell. You can also lose your property if you're unable to pay off your debt. To remove your lien, you will need to pay off the money you owe in full. Once paid, the lienholder will issue a clearance certificate to invalidate the lien.

You can sell your car to a dealership while still under finance. It's the only legal way to sell your car while you don't have legal title to it as we will settle the finance at the same time. We work with you and your lender and coordinate the sale so we pay off the loan with what we're paying for the car.

Q: Can you sell a car with a loan on it in Ontario? A: You can sell a car with a loan on it if you sell it to a dealership. Otherwise, you'll need to get a loan settlement figure and pay off the car loan first.

For many types of liens, if the lien was properly obtained and follows the rules, you will need to negotiate with the other party to pay off the debt in exchange for removal of the lien. However, the Superior Court can order the removal of liens that are obtained improperly.

To clear the lien, the vehicle owner must first pay off the money owed on the car. The lender will provide a document stating that the lien has been discharged. Then, the record must be changed by the provincial body that governs transportation in your province ? give them a call and they'll walk you through the steps.

In Ontario there are 3 documents required to privately sell a vehicle : Used Vehicle Info Package (for sale at Service Ontario for $20 and includes registration history and lien information etc.) Safety Standards Certificate ? confirmation that the vehicle meets the minimum safety standards.