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X5 E70 (2007 - 2013)
E70 BMW X5 produced between 2007 and 2013. Discuss the E70 X5 with other BMW owners here.

 
 
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Old 09-14-2012, 02:31 PM
mbeutler1203 mbeutler1203 is offline
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Location: Wisconsin
 
Join Date: Sep 2012
Posts: 2
Mein Auto: BMW X5 4.81
Purchasing BMW x5 4.8i from Private Party

So here is the deal. I am purchasing a vehicle that was originally CPO'd when the seller bought it. I had a local BMW dealership do the inspection they normally do to certify a BMW and the vehicle checked out very well with no concerns.

I am curious how to go about the next part. The title is in the banks hands currently and shows a lein. My bank got his payoff information and have made me a check out in my name, his name and the lein holding banks name. For the bank to release the title lein free can take two weeks.

How can I go about taking over ownership of the vehicle? Some form of bill of sale? Any help would be greatly appreciated. Frankly I can't wait two weeks since we are down to only 1 car and the owner is 6 hours away.
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