Overhaulin'

buying a used car? help!!! / lienholder?

I plan to buy a used car, but this guy still owes money from the bank and hasn't pay off his loan yet.. Currently, he doen't have the car title, his lienholder(loan company) has the title... Can anyone help me with this situation? If I buy this car, will I have any risk? What should I do to make this sale safe and quick? Please help! I need this answer soon..... thanks!!!! The car is registered in CA.

Public Comments

1. all you have to do is go to the bank with him and pay it off, they give you paid in full receipt,then have the bank make the title to you,that's a simple process,don't let him handle the money on it,you do the paying off,then you know its took care of ,if he doesn't want to do it this way find another car,this is a simple process,good luck on it.
2. Simple... contact the leinholer... find out the payoff... make one check out to them...and another for the rest of the sales price to the guy who is selling it. Hand the 2 checks to the seller.
3. all you have to do is go to the bank with him and pay it off, they give you paid in full receipt,then have the bank make the title to you,that's a simple process,don't let him handle the money on it,you do the paying off,then you know its TAKEN care of ,if he doesn't want to do it this way find another car,this is a simple process,good luck on it.
4. don't find another used car sale thing...don't take any chances.
5. Sounds fishy to me. Maybe he is scamming you? Is the price very low for the car,red flag. Is he calling the shots about what you need to do? Red flag. Smooth talker very convincing red flag. Trying to rush you? red flag.
6. Will you consider to buy a cheap used car from seized and government car auctions? It is save,security and you can get rid of all the mess & worry. Buy from those auction can save up to 95% of retail price. Most of them sold at such auction are in good condition. By the way, you also can resell it to make profit quickly. To get more "buy used car cheap information", pls visit http://www.toponegoods.com/carcheap.htm