2007 Toyota 4Stunner

[Jake]

Y'all are the dad I never had.

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I love my folks but they didn't know a thing about something like this.

The last few cars I've sold with liens were all through PenFed (cuz they're the best, and local) and I just had the buyer cut PenFed a check for the entire sale amount. The check pays off the loan, and whatever is left over just got dumped into the checking account I also have with PenFed.

From there, the title got mailed to me and I forwarded it to the buyer. Make sure to sign it before you mail it.

Selling my F150 was slightly different as I technically sold it to Woodstock Garage. Jeff handled all the title stuff through the dealership and I didn't have to do anything.

Additionally, if you sell the car for less than the payoff amount (i.e. sell it for $10k and payoff is $13k) you can either cut the bank a check for the difference or they can pull it from your account, assuming you have the balance to cover it. Some may allow you to add it to the new car loan. I know this because when I bought my E46 M3 for $14k, the seller rolled a lot of negative equity on it into his other E46 M3 loan with the same bank in Indiana.    Moral: get ahead of your car note.

No notary is required for selling a car with a Virginia title.