Buying a Car Online
I want to buy a car from a vendor who is 2500 miles away. There is a lien on
the vehicle. What is the best and safest way to do the transaction? I image
I should pay the lienholder directly and send the seller the difference. What
would be the best way to structure this so I don’t get burned?
Walk away as there are too many ways to get screwed on that deal.
Do it in person, fly out and drive it back.
Pay lien holder off and have lien holder send pink to you directly. Pay seller off when vehicle getting transported. I would go see vehicle before you put out any kind of money. To many scammers out there.
Unless you can do the transaction in person and have the vehicle inspected by a professional inspection company BEFORE agreeing to buy the vehicle, don't do it!! I've used lemonsquad.com for inspections when I buy long distance with excellent results. In person, you and the seller will go to the leinholder together. You will pay the leinholder directly. You will also have a contract that you've drawn up stating that when the seller receives the title they will immediately sign and surrender the title and the vehicle to you. Have 2 copies of the contract. You and the seller sign and date both copies. You keep one copy and the seller gets the other copy. Remember, if anything goes sour, you have to go to the seller's jurisdiction to file a complaint and/or press charges!! Proceed with caution!! HTH. -Jim
That must be one rare vehicle to go to all that trouble, expense and risk.
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