PixelHarmony

I've found a private party seller for a S2000 out in cali.

He's got about $10,000 left to pay his bank and we worked out the remaining amount that I would owe him.

This is the first time I'm dealing private party so can someone help me direct this process?

Pretty much I am going to sell my TSX and hopefully get enough to break even for the car. The Title is still in the banks name so I figure the safest way to do this is for me to get a loan from Chase or some other local bank and have the Titled transfered to them and buy the car outright when I sell the TSX.

Now when I get a loan for the S2000, can I have the bank pay X amount to this bank (Wachovia) and the remainder to his wire transfer account? Or would I have to have the bank just cover the $10,000 and I'm on my own to pay him the rest?

Is there any risk of a wire transfer?

I've verified ownership of the car through his Wachovia, Church Automotive (they tuned his car), and a member of S2KI will examine the car this weekend.

I'm excited to get his new ride, but want to make sure all my information is straight before I make any decisions.

Thanks for all your help guys!

PixelHarmony

Any help? I'm going to swing by Chase bank in a hour or so.

FastAcura

You can have the bank cover both amounts. What they can do is cut his bank a check for $10,000 and cut you a check for the rest which they can deposit. You should be able to withdraw his amount and just hand him the cash.