If I Sold My Car To Carmax, Am I Still The Registered Owner?

Tin can I Sell A Car without a championship to CarMax?

Blog/ Tin can I Sell A Automobile without a title to CarMax?

Does CarMax Buy Cars without a pink slip

WriterSarah RobinsonCategory Car Advice

The Respond: You must take your title to sell your car to CarMax.

You've probably thought most or even asked the question "Can I sell my car to CarMax without the title?" or "Will CarMax buy my car even if the title is save or pawned?" The curt answer to this question is no. CarMax requires yous to have a valid championship to your vehicle in order to sell information technology to them. This is one of their chief requirements and they do not make exceptions on this dominion. They will accept salvage titles, but only in some cases. Otherwise, you cannot sell your car through CarMax without a valid title.

Another issue that may come up upward when selling your car to CarMax is if there are more than than one person on the title to the vehicle. In these cases, each person must exist present. This means that each person on the title will take to be present for the appraisement to present identification and whatever other necessary documents to bear witness they own the vehicle. This tin can make the process of selling your auto more difficult.

CarMax has an ironclad rule about auto titles that is not relative to land and local laws. They volition nonetheless buy cars that have a lien on the title and so long every bit the amount payed for the machine will pay off the lien, such as in the instance of a title pawn loan, CarMax will pay off the title loan, give the seller the balance and then have the seller sign over the title. This gives sellers with title pawns an option for getting out from nether a title loan.

Reasons Why CarMax Won't Purchase A Machine With No Title

There are a number of reasons why CarMax won't buy a automobile without a valid title. The number one reason for this is because in most cases CarMax intends to resell your vehicle to another person. In order to these they need legal ownership of the vehicle in the form of a valid title that has been signed over into their name.

Secondly, vehicles must be registered to the possessor when sold, therefore, an absent-minded or missing championship can causes issues once the vehicle is resold. CarMax wants a clean and clear championship so that they tin can freely sell the title to whomever they choose. This frequently includes selling the vehicle across land lines. Each state has dissimilar rules regarding the buying and selling of titled and not titled automobiles. CarMax always requires a title in an effort to cover their bases.

Always requiring a championship does have the benefit of ensuring that each sale is legitimate. For those that purchase a auto from CarMax, they will always exist presented with a clean title to the vehicle which makes acquiring insurance, tag, and other documents easier. However, for folks in a tricky situation this can brand selling your car to CarMax difficult or even impossible. There are a number of reasons why a title may not be present:

Age of the vehicle, vehicles over a sure age do non always accept titles
Lost or stolen titles
Liens where the lien holder will non relinquish the title
Salvaged titles in some places are not accepted every bit regular motorcar titles, particularly with overflowing damaged vehicles and etc

In cases where a title simply can't be acquired, the seller may need to look for options exterior of CarMax.

Are In that location Alternative Options?

There are a few means that sellers tin sell their motorcar without a title. One style is to have the seller or purchaser file for an abandoned championship if no proof of buying tin can be given. This frequently requires filing paperwork through the local dmv or other government agencies. This basically lists a vehicle every bit unclaimed so allows the new owner to have a new title issued. This can be a time consuming and tedious procedure.

Y'all can sell a vehicle in some places outright without a title as well, though information technology is by and large brash to have a notary nowadays, to notify the state's vehicle registry, and write upwards a neb of auction acknowledging the lack of title. If you lot have these steps it is mostly acceptable to sell the vehicle to an individual who tin and then apply for a new title, though this comes with some liability and tin can be time consuming.

SellMax is a great option for selling your vehicle without a title. In most cases, SellMax tin make you an offering and buy your motorcar without the title. SellMax specializes in damaged, junk, or troubled cars and has all the tools necessary to take your car off your hands without all that added paperwork. In most cases we can brand y'all an offer and buy your car in the same day.