Off Topic but advice needed with car purchase.

nwfloridadude · Feb 27, 2009

Although this is not Offshore related i'm hoping you guys could help me out with a question.
I am thinking about buying a car from someone local. He owes a balance on the car so there is a lien. How would i go about buying it? Should i ask the seller to meet me at the bank (If local) and do it all there? If not what can i do to make sure i don't get taken. My fear would be that i pay the guy, He gets the money and doesn't pay the bank and i'm screwed.
If anybody could give some feedback/advice it would be really appreciated.Thanks guys:toast:.

SportSavant · Feb 27, 2009

you need to somehow get a letter from the lien holder that the lien has been released.

SportSavant · Feb 27, 2009

You can also tell the guy that you will make the check out to the bank, to ensure that the lien gets paid, and then then get the letter from the lien holder at the same time, saying that all liens on said vehicle have been released....

PokerBookie · Feb 27, 2009

nwfloridadude said:
Although this is not Offshore related i'm hoping you guys could help me out with a question.
I am thinking about buying a car from someone local. He owes a balance on the car so there is a lien. How would i go about buying it? Should i ask the seller to meet me at the bank (If local) and do it all there? If not what can i do to make sure i don't get taken. My fear would be that i pay the guy, He gets the money and doesn't pay the bank and i'm screwed.
If anybody could give some feedback/advice it would be really appreciated.Thanks guys:toast:.

If the bank that has the Lien is local u can go there to pay off the lien.