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Old 12-04-2005, 11:18 PM   #1
zacs
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Join Date: May 2004
Location: RI
Posts: 3,296
Buying car with lien

Need some advice.

I have found a truck, but the current owner still owes $ on his loan.

What is the safe way to complete this transaction? This person is a stranger, so obviously I am not going to give him the money and wait for him to pay of the loan and send me the title. I mean he seems totally legit, but I guess I am just not the trusting type.

I am guessing I have to go to his lienholder and somehow arrange with them to payoff the loan and transfer the title to me.

Does anyone have any experience/knowledge in this area? I have done a google search but there isn't really any definitive info out there.

Thanks

Zac

i bent my wookie
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