How it is done around here is pretty simple. His bank gives him a certified check made out to you and the lean holder on your truck. You then have to go to your lean holder to be able to use the check. So you take the check to your bank/lender. They pay off the loan and then give you the balance. They will usually sent the title to the new lean holder/bank.
Does not make much difference if it is a truck or some other piece of equipment. It has been done that way for years.
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Today's Featured Article - Upgrading an Oliver Super 55 Electrical System - by Dennis Hawkins. My old Oliver Super 55 has been just sitting and rusting for several years now. I really hate to see a good tractor being treated that way, but not being able to start it without a 30 minute point filing ritual every time contributed to its demise. If it would just start when I turn the key, then I would use it more often. In addition to a bad case of old age, most of the tractor's original electrical system was simply too unreliable to keep. The main focus of this page is to show how I upgr
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