Couloir Posted September 5, 2007 Share Posted September 5, 2007 I have owned many cars in my life, and have always either paid cash for them or had them paid off before I sold them. Well, I'm getting rid of my current car sooner than I expected and I'm wondering how you handle the transaction when you need to pay off the bank in order to get the title. Do you get payment from the buyer, deposit it, pay off the car and request the title? What sort of agreement, other than a simple "sold as is" agreement do you have? How are they protected? How am I? Any of you guys turn cars enough to know how this works? Thanks! Quote Link to comment Share on other sites More sharing options...
Slesse Climber Posted September 6, 2007 Share Posted September 6, 2007 Uhhh...you might get a faster answer asking your banker than here. Just a thought. Quote Link to comment Share on other sites More sharing options...
Couloir Posted September 6, 2007 Author Share Posted September 6, 2007 Uhhh...you might get a faster answer asking your banker than here. Just a thought. I got the answer I needed. I wasn't relying too heavily on this venue. Just throwing it out there. Quote Link to comment Share on other sites More sharing options...
G-spotter Posted September 6, 2007 Share Posted September 6, 2007 You take the money the guy gives you, blow it on booze, and the bank repos the guy's car. Quote Link to comment Share on other sites More sharing options...
Couloir Posted September 6, 2007 Author Share Posted September 6, 2007 I was thinking hookers and blow. Quote Link to comment Share on other sites More sharing options...
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