why I wouldn't do peoplefirst.com
 

This is from personal experience guys:

To sell your car, you have to mail peoplefirst a check and then they mail you the pink slip (If youre still making payments). Do you know how f*cking hard it is to sell a car to someone like this? Its sucks and its not worth the savings. They have to pay your car off without getting a pink slip right away. With a local bank, at least you and the buyer can go to the bank and have a paperless title transfer notarized right when they pay.

But were not going to be selling are we? So they point is...pointless:D

I bought a used bmw
 

from someone who financed through peoplefirst. We went into my credit union, I signed the loan papers, they cut 2 checks, one to peoplefirst for the payoff and a small one to him for the rest. They took care of sending it to Peoplefirst and getting the title for me. It was actually very painless.

When I paid off my Legend a few years back, it took me between 4 and 6 months to get the title from the bozos at the bank where I financed. It wasn't at the branch where I borrowed the $. They sent it somewhere else-I guess to the big title vault under Cheyenne Mountain or some place like that. This time I did set up my financing with PeopleFirst. No one could beat their rates, but the dealer came close-within 1/4%. The process was so easy with PeopleFirst. But, like it's said above, I ain't gonna sell it, so screw it.

Uhhh this is exactly how my credit union works on my current loan as well. I dont think this is unique to PeopleFirst. Are there really loan companies that will sign your title over to someone before the loan is paid off?

Uhhhh, the point wasnt "dont do peoplefirst". The point was to get a loan from somewhere in town.

and who said anything about handing over title before the loan is paid?

NO...with a local bank for instance, when you and the buyer go into the store, the buyer writes a check to your bank. OK, so the bank may not have your title...thats fine. I didnt say they would. But they have a notary that can certify a DMV paper that transfers the title to the new owner right then and there. The new buyer receives a NEW title from the DMV and you get the old title 4-6weeks later which you just destroy.