One of the biggest misconceptions in the automotive world is that you can’t sell a car unless you have a clean, paper title physically in your hand. At Fast Penny Cars, we specialize in "complex" sales. Whether you are still paying off a loan, misplaced your paperwork during a move, or are dealing with an estate, our team is equipped to navigate the red tape so you can get paid.

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Selling a Car with an Active Lien

If you still owe money on your vehicle, you have an "active lien." This is one of the most common scenarios we handle. You don't need to pay off the bank before you talk to us; we coordinate the payoff as part of the transaction.

How the Payoff Process Works:

• Obtain Your Payoff Amount: We help you contact your lender to get an official 10-day payoff letter.
• The "Equity" Check: If your car is worth more than you owe, we pay the bank their share and give you a check for the remaining "penny" of equity.
• Title Transfer: We work directly with your lienholder to ensure the title is released and the loan is closed out properly.
• Negative Equity Solutions: If you owe more than the car is worth, we can still help you navigate the payment of the "gap" to clear your name from the debt.

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Missing or Damaged Titles

Life happens. Documents get lost in floods, fires, or simply misplaced in a drawer. If you own your car outright but can't find the title, the process shouldn't have to grind to a halt.

We Navigate the DMV For You:

• Duplicate Title Filings: Our team is well-versed in state-specific DMV requirements for ordering replacement titles.
• Verification of Ownership: We use your VIN and state databases to confirm your ownership, allowing us to move forward with the offer while the paperwork is being processed.
• Power of Attorney: In many cases, you can sign a limited Power of Attorney form that allows us to handle the title application on your behalf, saving you hours of waiting in line at a government office.

Dealing with Special Circumstances

Not every car sale is a straightforward individual-to-business transaction. We have professional experience handling a wide variety of legal and logistical hurdles.

We provide guidance for:

• Deceased Estates: We help executors and heirs navigate the paperwork required to sell a vehicle from a late loved one's estate.
• Divorce Settlements: We provide the neutral, transparent valuations needed to split assets fairly and quickly.
• Out-of-State Titles: If you moved from California to Florida but never updated your registration, we can still facilitate the sale using your original state’s documentation.

Why Trust Fast Penny with Your Paperwork?

The legalities of a car sale are just as important as the cash payout. If a title isn't transferred correctly, you could be held liable for future tickets, accidents, or towing fees associated with that vehicle.

When you sell to us, we guarantee that the paperwork is handled with precision, safety, and reliability. We take the liability off your shoulders the moment the deal is signed, ensuring a clean break and total peace of mind.

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