[jumpman86]

Hi All,

I just bought an 08 E90 M3 from PA and I live in NJ through a private sale. I have a question for those of you who have been through this situation.

I had to take out a loan to pay the seller and he currently has a loan on it.

He will be paying off his loan Monday but in this situation, I was wondering what I would need to register the car in NJ.

My understanding is that the Loan Release and the title will be going to my bank (Pen Fed Credit Union) directly from the seller's bank (Wells Fargo Dealer Services).

Do I wait for my bank to send these 2 documents to me before I can go register or do I ask the seller to instruct his bank differently.

I think it will take couple weeks at the minimum before I can go register.

Was wondering if anyone had to take out a loan to pay off an existing loan to purchase a vehicle from a private seller.

I will try to call NJ DMV as well but probably be on hold for 2 hours before someone will talk to me, lol...

Thanks in advance.

Ed