Title holder
#1
Title holder
I am looking to buy a car, but the owner right now still owes acura. He is asking 8k for the car. He owes "alot" still. He told me I would get title in two weeks max. Is there any way I can safely buy this car from him, without having troubles?
#2
Senior Moderator
If there is a lien on his car, you have to have the lien holder's approval to get the title cleanly. Otherwise, he can just pocket your money and Acura will come and take the car from you. The title should state if there is a lien or not. There should also be a bill of sale along with the purchase explaining any and all legal disclaimers. Google "buying a car with a lien" and "bill of sale" for some better information as this is all off hand and may not be completely accurate.
#3
I personally would not trust him...
I did buy my TSX from someone that still owed Honda, they had to call and get a payoff amount and actually payoff the car for the title to be clear. If he will not do that I would go find another vehicle.
I did buy my TSX from someone that still owed Honda, they had to call and get a payoff amount and actually payoff the car for the title to be clear. If he will not do that I would go find another vehicle.
#5
GEEZER
Depends on the state and who financed it. I still owed about 9k on my CLS went to the credit Union with the buyer, he gave them a check and my check (Part of price) he had a title in 3 days.
#6
be very careful....contact the lien holder and make your payment out to them, and ensure that the seller makes the payment to them as well. Make sure you dont pay cash, and also have the purchase documented properly...
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