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Old 09-14-2012, 09:53 PM
sunny5280 sunny5280 is offline
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Location: Denver, CO
 
Join Date: Feb 2010
Posts: 3,718
Mein Auto: 2007 X5 4.8i
Quote:
Originally Posted by ard View Post
Dont listen to Sunny, listen to Jay...if you listen to sunny you would not be able to purchase this car (I assume the seller doesnt have the payoff amount in his checking to pay the lender, get the title then sell it to you!)

With a bill of Sale- AND proof that you've paid the leinholder, you are good to go. The Bill of Sale will release his interest in the car- AND you've establihsed the current lendor will release their interest in the title upon reecipt of $xxx. You could also put something in the BOS whereby he indemnifies you for any legal expenses to get the title should there be extenuating circumstances- but Ive never had an issue.

A
Are you really so naive as to think my advice was limited to just taking possession of the vehicle? Surely you can't be so foolish? My advice assumed he was intelligent enough to obtain a bill of sale and keep a record of payment. You didn't actually think he was foolish enough to be unaware to obtain such basic documentation?

Last edited by sunny5280; 09-14-2012 at 10:00 PM.
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