Thinking of buying an out-of-state car, but current owner still has loan…

[Anonymous]

It’s a 6 month old Audi convertible with very, very low miles. Ordering new one would take 8 months+ with cost of car potentially going up.

Current owner will pay off loan after I pay him.

Assume it’s a very bad idea.

[Anonymous]

CJ’s out the payoff from the lender. Pay off loan, give rest to current owner.

[Anonymous]

OP here. CJs?

So when would I get the title to the car?

[Anonymous]

Give a lawyer $400 to write a contract.

[Anonymous]

Use an escrow service. Works the same as when you are buying a house that has a mortgage.

[Anonymous]

Never buy a car without a clear title/lien release. You’ll never get it titled in your name.

[Anonymous]

Anonymous wrote:Never buy a car without a clear title/lien release. You’ll never get it titled in your name.

OP: here...yes, those are my worries...

Thanks!

[Anonymous]

Anonymous wrote:Never buy a car without a clear title/lien release. You’ll never get it titled in your name.

+1. You must get the lien release before.

[Anonymous]

Thank you all...very helpful.