G35 Coupe V35 2003 - 07 Discussion about the 1st Generation V35 G35 Coupe

Question on Buying a Used Car

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Old May 12, 2006 | 12:25 PM
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Question on Buying a Used Car

Sorry this might be a bit off the G35 Coupe's threads. My friend is planning on buying a car from a private party but the seller still has $13,000 loans with bank. Seller now is asking my friend to pay her first so she could get the lien release letter from bank. Is this the only way of trading car assuming the seller could not pay off the car prior to the trade?

Thanks for any comments in advace
 
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Old May 12, 2006 | 12:37 PM
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That is what I did when I purchased my Integra, I live in NYC and the owner was in DC (EBay). I had to go with him in the bank just to be sure and he handed me the title and contract with signature and I went back to NY
 
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Old May 12, 2006 | 05:45 PM
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In Cali: It all depends on whether or not your friend is financing his purchase. Even when you are buying from a private party you do not need to pay off the lien first. The title and paperwork can all be done at once. You just need to fill out the Transfer of Vehicle form, Authorization for Payoff (for the other lienholder to accept the payoff check), and get the smog.

If paying by cash, go to the DMV first to complete all the paperwork and put the vehicle in your friends name.
 
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Old May 12, 2006 | 11:00 PM
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I paid mine cash though
 
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