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REQUIREMENTS FOR TRADING YOUR VEHICLE!
1. Do you have the title?
o Yes. The title must be provided at the time of sale. If your vehicle is
titled in a state where the owner holds title AND a previous loan on the vehicle
has been paid off but is still recorded on the title, you will need both the
title and the lien release from the bank before you can trade in your car.
o No. My lien holder has it. If there is a lien on the vehicle, we will
need to contact your lienholder during business hours to get a fifteen day
payoff. To get the payoff , we will need:
i. Lienholder name and phone number
ii. Name(s) on account
iii. Account holder’s account and social security numbers.
Donohoo Auto may have the lienholder fax a written confirmation of the payoff
amount before we purchase your vehicle. It is our policy to request a
fifteen-day payoff from lien holders due to the time necessary to verify all
paperwork and process payoff checks.
o No. I have lost my title or have never received it. Please contact a
Finance Associate for assistance.
2. Will all titleholders be present when you trade the vehicle?
If all titleholders cannot be present, you must speak to a Finance Associate
before you can trade your vehicle.
We MAY be able to accept a Power of Attorney allowing someone else to sign on
the absent titleholder’s behalf. The Power of Attorney must be an original,
valid and properly notarized document. Donohoo Auto must be able to keep the
Power of Attorney so that it can be attached to the title.
If a titleholder is deceased, you may have to transfer the title into your name
before we can purchase the car. This can usually be done by taking the title and
supporting documents to the local titling office. However, because this process
varies by state, ask a Finance Associate for more information.
3. Are you trading in a leased vehicle?
If so, Donohoo Auto will need verbal confirmation of the payoff amount before we
can purchase your vehicle. Please note that some leasing companies will not
allow you to sell the vehicle prior to the expiration of the lease.
Bring these items with you:
Title- Valid Registration- Photo ID- Owners Manual- All spare keys and remotes
