It's possible for me and the seller to transfer the ownership even without the title correct? I'm planning on meeting the seller tomorrow to buy his car. We'll go to the post office to send the check off to IFS. I plan on going with him to the DMV with 2 documents, 1) Bill of Sale and 2) Transfer of Liability (for the seller). Are these the only two documents I need? Will the DMV require the title in order for us to proceed? Cuz I was under the impression that some of the steps in this thread allows for two parties to transfer the ownership even without the title.
I started a thread in buying and selling but no one is answering. Figured I'd ask you guys since I need an answer ASAP as I'm meeting the seller tomorrow.
I started a thread in buying and selling but no one is answering. Figured I'd ask you guys since I need an answer ASAP as I'm meeting the seller tomorrow.
Registered User
You need to pay of the IFS and get a title release first i don't think you can do anything at the DMV with out that title release from IFS. As far as i know if you don't have the title you can't do anything at all.
oh really? i was thinking the same thing but other people have said you could do it. i wanted to confirm this. weird. so maybe i can't finalize the purchase tomorrow then.
Morning bump before I meet the seller. Any other opinions? Thanks guys!
haha did it already....funny enough it's jasoncham2003's car. he hasn't been on here in awhile.
Registered User
Oh if you bought his car, then your car is in good condition... he knows maintenance
yeah he definitely knows maintenance. the car is cleeeeeeeean.
Registered User
Not tring to scare you,but just food for thought.Are you paying his bank directly?Do you know he can take another loan out and use that car as Collateral.Theres so many ifs and butts with doing things like that.
Registered User
I had the same exact situation. The seller's car was a lien sale, and what we did was this. First I had to pay off his loan from his bank. Second, we both signed the bill of sale and notary included also. Third, the seller called DMV and told them to release the registration to me. That's how I got my title, it took about a month because the bank requires 10 business days to release the title. Now, everything is fine. I just have to transfer ownership of the title and good to go. Hope my experience can help with your situation.