buying a car, but the seller does not title in hand... please help
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buying a car, but the seller does not title in hand... please help
hi,
I'm buying a car, but the seller does not have the title in hand. I'ts at the bank. I will pay it off.
Please advise on what to do. Should I pay the seller first?
thanks
I'm buying a car, but the seller does not have the title in hand. I'ts at the bank. I will pay it off.
Please advise on what to do. Should I pay the seller first?
thanks
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Originally Posted by camaro194
You should give the money to the seller for the car. When you do this, the seller should then give you the title. If you are taking out a loan to purchase the car, the title would then go to your lender.
As far as I know it takes some time to get the title from the bank. I bought a truck from a friend, gave him the cash, and it took almost 2 weeks for me to get the title from his bank. I wasn't worried about it because he was a friend of mine. I would be nervous giving that much cash to a stranger and not getting anything in return for some time.
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#9
Escrow is the best. You can also meet the seller at his bank where they will sign over the title to you once you've paid (with cash or cashiers check) the seller. Or you can simply trust the guy to send you the title. At any rate, be sure to get a bill of sale that shows the details of the transaction.
#12
Originally Posted by The Brickyard Rat
The escrow fee is nickles & dimes relative to the $20,000 +/- the car will cost. Do it right.
And if you have a lender it will want title.
And if you have a lender it will want title.
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