Car Donation!?
My car is over 11 years old 1995 Mazda mx3. I do not have the title and unable to pay off balance. Who can I donate the car to. And will the donation center pay off the car balance?
No tags for this post.
My car is over 11 years old 1995 Mazda mx3. I do not have the title and unable to pay off balance. Who can I donate the car to. And will the donation center pay off the car balance?
No tags for this post.
October 18th, 2009 at 12:54 am
If you are still making payments on the car, then the finance company holds the title until it has been paid in full. They are considered the owners of the vehicle, and so you will not be able to obtain a copy of the title from your motor vehicle office.
Since you do not yet own the car, you also will not be able to sell or donate it. If you want to trade it in for a different vehicle, the finance officer should be able to arrange the transfer of the title, but any unpaid amount will be deducted from the value of your trade.