better hide that car before before the repo man finds it. When you pay off car the finance co will send you the pink slip releasing ownership to the owner (person who paid off car). Call the finance company and find out the status of the loan. let us know what happens. this will be interesting. are you still in contact with seller or has he skipped town?

 

remember...you should never buy a car because you're impatient...that tends to get you into trouble right away. keep that in mind for future car purchases. in the meantime, good luck, hope you find out all the information you're looking for. keep us posted!

 

maybe the laws are different where we live , but when I was buying my G it had a bank lien on it and I made sure the old owner paid it off before I bought the car. If he didn't then the lien would have been transferred to my responsibility

 

If u have the title in your possession then does it have a stamp where it says release of liens? If there is no stamp there I don't see how you would even have the title. When you register the car if financing the title is mailed directly to the lien holder until payed. If no stamp and you have the title in your possession call who ever the lien holder is or DMV asap

 

if someone is selling the car with a lien title you must pay the Lien not the person. Without paying the lien the title will not be release and it would still be under the person name and he can report it for a stolen car.

 

You better hope your friend is honest and pays the bank holding the lien. Otherwise, you have to pay off the balance of the car to get a lien release. Until then, you do not own the car.