1. The Car Is Owned by the Lienholder or Bank
When you take out a car loan, the bank or lender that holds your vehicle’s title has ownership. If you are behind on payments for whatever reason, your title may be taken away from you and put into possession of the lienholder. The lien holder is the bank or lender who has already agreed to allow you to use their property for collateral. If you’re planning to junk your car without a title because it has a lien on it, 114 Auto Salvage can on some rare occasions help you pay it off depending on the car you have. Please talk to a 114 Auto Salvage buyer for more info. If you do end up paying the lien off, it will be much easier to junk your car for cash.
2. Tips for Selling a Car With a Lienholder
Before you junk your car, you must first contact the lienholder to obtain permission to transfer ownership of the car to the junkyard or auto buyer. You should also discuss how much money will be allowed on your end once the junkyard receives legal ownership.
If your junk car is in a non-running condition but has value and the lienholder agrees to take junk in payment for the lien, you can sell your junk car without a title. If it is determined that there will not be enough money in the sale of a junk car to cover the loan balance, you should wait until you can pay it off yourself, before trying to junk it to a yard like 114 Auto Salvage.
3. What to Do If Your Title Is Lost, Stolen, or Misplaced
If you lose your vehicle title, report it immediately to the DMV. The DMV will issue you a replacement title. The fee for your lost or stolen car title is $25 in the state of Massachusetts. If you don’t want to wait for the title to arrive and just try to junk your car without the title, 114 Auto Salvage is able to help you on a case to case basis. If it is an older car that we are just planning to scrap, a car without a title is ok, we can take the registration as well. However if the vehicle you’re planning to sell is salvageable, we would only be able to offer you scrap pricing for your vehicle. Again, junking a car without a title is done by a case to case basis, so please call one of our buyers for more info.
4. What to Expect When You Request a Replacement Title
The quickest way to get a replacement title is you must visit the nearest Massachusetts Registry of Motor Vehicles as soon as possible. Then, you should receive a replacement title within 10 days. If you want to get the highest price for your car at a yard like 114 Auto Salvage, it is important that you do this step.
5. What If My Car is Out Of State And I Don’t Have A Title?
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6. Cars that Have Been Totaled Won’t Have a Clean Title
7. Even If You Cannot Obtain a Title It’s Possible to Sell Your Vehicle
8. The Advantages of Selling Your Car to a Junkyard
9. Planning on Selling Your Car Today?
While some junkyards may take weeks to get to you, 114 Auto Salvage will come within 48 hours at the latest. We offer same day and next day free pickup! We pick most years, makes and models. It’s the fastest way to finalise the deal and sell your car online today, also get an instant cash offer and vehicle pickup on your schedule. The only things we don’t pick up are trucks with dually wheels, box trucks, RV’s, Motorcycles, and Boats because they do not fit on our crusher.
In short, if you want to junk a car without a title, it’s possible but it’ll depend on the condition and age of your car. If you have any questions, feel free to call our buyers and they will be more than happy to help. Call us today at 978-396-2448.