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Purchasing a car with lien on it..

B

Bumrush99

Diamond Member
So the current owner owes around $4300 on the vehicle. If I decide to purchase it from him, what is the easiest and safest way to complete the transaction? Should I just go to the bank and pay off the loan in my name, requesting that the title be transferred over to me directly? Anything I'm missing?
 
Personally, I would want to see a clear title first. Have them pay it off.

That's how I handled it when I had to sell my Tundra. Borrowed enough from my family to pay it off and get the title, then paid them back as soon as it sold.
 
Contact the bank and explain the situation.

They will have the proceduresin place to handle the issue.

More than likely, you will have to both show up and you provide to transactions.
One to the bank to pay the lien; then other to the seller for any agreed on balance of value.
The bank will then provide you with the proper paperwork to get the title in your name.
 
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