+ Reply to Thread
Results 1 to 8 of 8
  1. #1
    jloverly6 is offline Junior Member
    Join Date
    Apr 2008
    Posts
    5

    Junk car w/ over 379k miles, with lien on title

    What is the name of your state (only U.S. law)? New York
    Help! I need desperately to just get rid of this piece of junk in the driveway! Car has lien on title for a loan that is still open and I am currently making payments after I fell behind and loan was renegociated. Car was never brought up again as collateral. I don't want any money for the stupid car. Wasn't bank also irresponsible to give loan with a car at the time almost 15 years old with almost 200k miles? Bank will not work with me. Car is of no value. Signed contract in place for full value of loan, but will not release lien because they will have no claim to the loan? Doesn't the contract do that? Can I just donate it? What are my options? I have been on the phone with DMV and creditor for the past two days.
    Thank you kindly.
  2. #2
    Zigner is offline Senior Member
    Join Date
    Jan 2005
    Location
    California
    Posts
    54,076
    You could always pay the loan off as YOU agreed to do (twice!)


    As for loaning you money - yeah, the bank was dumb to loan money to you.
  3. #3
    Antigone* is offline Senior Member
    Join Date
    Dec 2007
    Location
    In honor of JetX ~ Somnambulist University
    Posts
    21,220
    Quote Originally Posted by jloverly6 View Post
    What is the name of your state (only U.S. law)? New York
    Help! I need desperately to just get rid of this piece of junk in the driveway! Car has lien on title for a loan that is still open and I am currently making payments after I fell behind and loan was renegociated. Car was never brought up again as collateral. I don't want any money for the stupid car. Wasn't bank also irresponsible to give loan with a car at the time almost 15 years old with almost 200k miles? Bank will not work with me. Car is of no value. Signed contract in place for full value of loan, but will not release lien because they will have no claim to the loan? Doesn't the contract do that? Can I just donate it? What are my options? I have been on the phone with DMV and creditor for the past two days.
    Thank you kindly.

    The only irresponsible party here is the party who purchased the piece of junk. The gave YOU the money for the car. The car will legally become yours when you satisfy the lien. Until then you cannot give away what does not belong to you.
  4. #4
    jloverly6 is offline Junior Member
    Join Date
    Apr 2008
    Posts
    5
    ok, thank you for reiterating what has been keeping me up at night believe me if I had over $2500 to spare I wouldn't be writing in for free advise. I didn't write in to be chastised. I have been in & out of work totally unexpectedly for about a year but I digress.....my question: how do i junk this car? donate it? it's of no value to either party.
  5. #5
    Zigner is offline Senior Member
    Join Date
    Jan 2005
    Location
    California
    Posts
    54,076
    Quote Originally Posted by jloverly6 View Post
    my question: how do i junk this car? donate it? it's of no value to either party.
    You got your answer in the first response (mine) AND the second response.

    You will have to pay it off before you can legally get rid of it.
  6. #6
    Antigone* is offline Senior Member
    Join Date
    Dec 2007
    Location
    In honor of JetX ~ Somnambulist University
    Posts
    21,220
    Quote Originally Posted by jloverly6 View Post
    ok, thank you for reiterating what has been keeping me up at night believe me if I had over $2500 to spare I wouldn't be writing in for free advise. I didn't write in to be chastised. I have been in & out of work totally unexpectedly for about a year but I digress.....my question: how do i junk this car? donate it? it's of no value to either party.
    Don't you get it????

    YOU CANNOT DONATE OR JUNK WHAT IS NOT YOURS TO DONATE OR JUNK. (I'll stop yelling now). You must have clear title to donate the vehicle. In order to obtain the title you have to pay your debt.
  7. #7
    jloverly6 is offline Junior Member
    Join Date
    Apr 2008
    Posts
    5
    Thank you again kindly for your prompt replies. I appreciate your help. Good day.
  8. #8
    ecmst12 is offline Senior Member
    Join Date
    Feb 2006
    Location
    Philadelphia, PA
    Posts
    35,515
    I doubt that even a charity would want the junker at this point.

Similar Threads

  1. Can I put a lien on a car title?
    By mt_mcgee in forum Debt Collections
    Replies: 2
    Last Post: 02-07-2012, 12:36 PM
  2. title with a lien...
    By vincentchiche in forum Online Purchases and Sales
    Replies: 1
    Last Post: 08-21-2008, 01:55 PM
  3. releasing an auto title loan lien off title?
    By PatriciaShelley in forum Other Crimes Federal and State
    Replies: 2
    Last Post: 03-12-2007, 08:50 PM
  4. Salvaged/ Junk Title
    By aholden in forum Lemon Law
    Replies: 1
    Last Post: 07-21-2005, 07:50 AM
  5. found car has salvage/junk title
    By SAE in forum Speeding and Other Moving Violations
    Replies: 1
    Last Post: 08-18-2000, 05:13 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

© 1995-2012 Advice Company, All Rights Reserved

FreeAdvice® has been providing millions of consumers with outstanding advice, free, since 1995. While not a substitute for personal advice from a licensed professional, it is available AS IS, subject to our Disclaimer and Terms & Conditions Of Use.