Selling an RV with a lien
Hello everyone. I am in the process of selling my Class A. Kids are in their mid to late teens and we are still a few years from retirement so the RV is sitting most of the time unless we can all ge...
Forum Discussion
time2roll wrote:Chum lee wrote:The amount of the debt is none of the buyers business. No need for the seller to share this information when negotiating price.
There is an element of risk here, but . . . . . the potential buyer should independently confirm the outstanding loan balance with your finance company, then negotiate the difference between the sales price and the loan payoff amount with you.
A lien is a transfer of a portion of one's property interest. The debt is not the buyer's business, but the value of the lien definitely is. Those are usually the same number.
