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      02-12-2012, 09:45 PM   #5
radiognome
Private First Class
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184
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Drives: E93 M3
Join Date: Jan 2012
Location: Northern Virginia

iTrader: (1)

Mark,

First, you need to find out if the seller financed his car and if he can pay out his debt and get the title. If he did finance you need to find out out how much he owns for the car.
If the guys financed his car - then your financial company should give you two checks - one in addition to your 25K to cover payment to the other guy bank, and another one - to cover the price difference which they either mail directly to the guy, or you can bring to him in person.
Another thing to consider if the seller financed his car - you need to get some paperwork from your financial company and bring it to the guy to get him to sign it. Also you can not drive the car until you get the title. And if the guy financed - you will not get the title during the next 2-3 weeks after the deal is done. Which probably means that you would need to make another trip after your financial company gets the title to actually pick up the car.
Appreciate 0