Post A Reply
read DMs/my profile
login
|
join CAFords
|
search
|
faq
|
»
Northern California Ford Owners
»
Automotive
»
General Talk
»
question about buying a car that has a lien
» Post A Reply
Post A Reply
Login Name:
Password:
Message Icon:
Message:
HTML is not enabled.
UBB Code is enabled.
[QUOTE]Originally posted by Blind: [QB] I bought my `97 that way, went with the guy to his bank, I paid them the payoff amount, gave him the left over from the agreed upon price, the loan place mailed the p/o the title, he called me up and dropped it off after he got it. had to trust that I'd hear from him again, but it worked out ok for me. [/QB][/QUOTE]
(
how?
)
Instant Emojis
Instant UBB Code
What is UBB Code?
Options
Disable smilies in this post.
<table border="0" cellpadding="1" cellspacing="1" width="99%" align="center"> <tr bgcolor="#000000"><td> <table border="0" width="100%" cellpadding="3" cellspacing="0"> <tr bgcolor="#000099"> <td colspan="2" align="left"> <font size="2" color="#ffffff" face="Verdana, Arial"> <b>T O P I C R E V I E W</b> </font></td></tr> <tr bgcolor="#dedfdf"> <td valign="top" width="18%"> <font size="2" face="Verdana, Arial"> <b>Fostang</b> <br /><small>Member # 3752</small> </font></td> <td width="82%"> <font size="1" face="Verdana, Arial"> <img src="https://californiafords.com/ubb/posticon.gif" border="0" alt=" - " /> posted <script language="JavaScript1.3" type="text/javascript"> document.writeln(timestamp(new Date(2010,0,25,12,18,0), dfrm, tfrm, 0, 0, 0, 0)); </script><hr /> </font> <font size="2" face="Verdana, Arial"> Im considering buying a car that the owner still owes some cash on. Has anyone done this before? How did you go about it? Any paperwork I need to pick up at dmv to make this happen? <br /> </font> </td></tr> <tr bgcolor="#f7f7f7"> <td valign="top" width="18%"> <font size="2" face="Verdana, Arial"> <b>N8</b> <br /><small>Member # 6048</small> </font></td> <td width="82%"> <font size="1" face="Verdana, Arial"> <img src="https://californiafords.com/ubb/posticon.gif" border="0" alt=" - " /> posted <script language="JavaScript1.3" type="text/javascript"> document.writeln(timestamp(new Date(2010,0,25,12,25,0), dfrm, tfrm, 0, 0, 0, 0)); </script><hr /> </font> <font size="2" face="Verdana, Arial"> I did it once (sold and bought a lien car). You need to go to the people that the lien is owed. Once you pay it, you will get a "lien satisfied" form that you take to the DMV. From there it is all the normal DMV stuff... <br /> </font> </td></tr> <tr bgcolor="#dedfdf"> <td valign="top" width="18%"> <font size="2" face="Verdana, Arial"> <b>Blind</b> <br /><small>Member # 3052</small> </font></td> <td width="82%"> <font size="1" face="Verdana, Arial"> <img src="https://californiafords.com/ubb/posticon.gif" border="0" alt=" - " /> posted <script language="JavaScript1.3" type="text/javascript"> document.writeln(timestamp(new Date(2010,0,25,13,21,0), dfrm, tfrm, 0, 0, 0, 0)); </script><hr /> </font> <font size="2" face="Verdana, Arial"> I bought my `97 that way, went with the guy to his bank, I paid them the payoff amount, gave him the left over from the agreed upon price, the loan place mailed the p/o the title, he called me up and dropped it off after he got it.<br /><br />had to trust that I'd hear from him again, but it worked out ok for me. <br /> </font> </td></tr> <tr bgcolor="#f7f7f7"> <td valign="top" width="18%"> <font size="2" face="Verdana, Arial"> <b>50 Deep</b> <br /><small>Member # 6216</small> </font></td> <td width="82%"> <font size="1" face="Verdana, Arial"> <img src="https://californiafords.com/ubb/posticon.gif" border="0" alt=" - " /> posted <script language="JavaScript1.3" type="text/javascript"> document.writeln(timestamp(new Date(2010,0,25,14,6,0), dfrm, tfrm, 0, 0, 0, 0)); </script><hr /> </font> <font size="2" face="Verdana, Arial"> Only wan to safely do this is to go with the owner to the place that holds legal ownership of the vehicle. You will provide them with the payoff amount and the seller will complete paperwork signing the vehicle over to you. At which point the finance/lien comapy will provide you with the notarized lien satisfied and the titling documents. Actual title or a duplicate title form. This should all be completed same day and at no point should u be waiting for documents from the seller.<br /><br />If you do it any other way your leaving yourself open to other complications. <br /> </font> </td></tr> </table></td></tr></table> <br /> <br />
Questions/Requests/Suggestions? email CAFords
Fueled by
Ford Mustang Owners
on CaliforniaFords.com
