Wednesday, May 26, 2010

Purchasing a used vehicle with out receiving title?

Is it safe to send a check to his bank to pay off his loan and to get the title in my name. What percautions should i take?



Purchasing a used vehicle with out receiving title?

You should be very careful.



Write a contract, check his identification, check the car documents, also with the state police to find out if it is a legal car and all.



Also I would make the transaction in the bank physically, once you checked all his documents.



That way you are secure, and he can see the money wired to the account and give you the documents with proper witnesses,



Don%26#039;t you have a relative who is a lawyer?



It is always best to take precautions.



good luck and I hope all turns out well.



Purchasing a used vehicle with out receiving title?

Get the title in your name should be your first precaution. Get a contract with the person you made the deal with requiring him to give you the title. Need something in writing in case he tries something.



Purchasing a used vehicle with out receiving title?

NO go to the bank with him -have all your reciepts with you-then go with title in hand and get it in your name



Purchasing a used vehicle with out receiving title?

No....go to your bank and get a certified check made payable to his bank, have him sign over the title and let him pay off his own loan. Even if you do sends his bank a check, he needs to sign off on the title before you pay for anything



Purchasing a used vehicle with out receiving title?

Contact the bank holding the title and ask how this should be handled.

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