This may seem like a stupid question, but I've never done it this particular way...
I am considering selling my Jeep and using the money to buy something (probably a motorcycle) outright. My Jeep is worth more than I owe, so the money is there. I would rather sell to a person, rather than a dealer, because I can get more for it.
So here is my dumb question... I don't have the title since I still owe on the Jeep. However, if I sell, I will have enough to pay off the car loan and get the title. What is typical in a case like this with respect to passing title to the new owner? All I can think of is a written,signed contract that I wil provide title once I have it.
(Any time I've sold a vehicle, I either had title or traded to a dealer.)
