hotjag1 wrote:
In most instances, you and the buyer will need to go to your bank and pay off your existing loan. The bank will then sign off as the legal owner and release the title to you, and then you sign off as the registered owner and give it to the buyer. The buyer will then give you the balance of your selling price and you release the trailer to them.
No worries for you or the buyer as the bank will make sure that everything is legal and that the loan is paid off before they will sign off on the title.
Exactly how I bought my first car. Just met the sellers at their bank. No worries.