Hows does buying a car from a private seller without a clear title work?

Answers:4   |   LastUpdateAt:2012-11-05 22:03:02  

Asked at 2012-08-31 23:56:03
Im going to buy a car from an individual to be 15k in his car . MedlinePlus We agreeded he sell for 14k MedlinePlus I applied for a loan for 13,500 and I pay 500 cash along with the registration fee DMV CA (1200) . MedlinePlus MedlinePlus How will this work once I get approved for my loan and sent me a check? MedlinePlus MedlinePlus Should I give the money to the seller and I hope to repay the loan and emails me the title (which my lender will have a lien on it ) ? MedlinePlus MedlinePlus The first time you buy a car from a private seller ,
Answer1ushaAnswered at 2012-09-03 12:52:03
I think it would be much safer if you two are going to the dealership and transfer title , and change the name on the bill there, and you keep your money and pay for itself .
Answer2GeoffreAnswered at 2012-09-11 23:28:03
Once the seller has the money in hand , you can do pretty much what he wants . Do not give money to anyone like that. Arrange to meet him in your bank or loan co . and do the transaction there. So , you know that everything is up and up.Then you should be able to get the title sent to your colleague loan and everything is taken care of legally. Hope this helps and good luck .
Answer3SmithenAnswered at 2012-10-09 11:49:32
Okay ... your bank will work with you on this, because it really will be the new owner of the car until you pay the loan. First, the buyer must carry " certified funds " for $ 1,000 to his bank . The bank should send the check and the check to the loan company today . This car is rewarded . The bank will receive the title and mailed to the state so you can be sure your lien is recorded . You and the seller must both sign the title in the bank once sent to them . This is a safe operation for all involved.
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