01-14-2020, 08:57 AM
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CC Member
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Join Date: Jan 2009
Location: Las Vegas,
NV
Cobra Make, Engine: Shelby CSX4005LA, Roush 427IR
Posts: 5,463
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Not Ranked
It doesn't seem the money part of it is the issue, but continued possession of the vehicle by the seller after the transaction is complete.
So, first, don't leave the car, money and title with the seller all at once.
If you can't be there in person you can sometimes arrange with a bank to help. You open an account there. The seller shows up with the title. When your money is transferred (perhaps in advance) to the intermediate account, the banker takes the title and transfers the funds to the seller. Get insurance effective this date. The banker will send you the title. Get a signed bill of sale too. Have it notarized. Then you have a title and bill of sale. If the seller absconds with the car (not likely) you're covered.
If you can't find a bank that will cooperate there are escrow companies that can also be an intermediary.
Auto dealers will sometimes perform this service.
All of them will charge some kind of service fee.
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Cheers,
Tony
CSX4005LA
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