04-25-2017, 09:38 AM
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CC Member
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Join Date: Aug 2014
Location: Syracuse,
Ny
Cobra Make, Engine: Superformance #2660, FE-406
Posts: 372
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Not Ranked
Quote:
Originally Posted by RodKnock
Well, thank you for your well-thought out rebuttal (or alternative facts) without any sort of evidence to support it. Typical Muck.
I have actually purchased a car or two from private citizens and that's how the deals work(ed) or were going to work. Bank holds title. Seller has car. Loan is paid off by buyer/seller. Bank has to send title to Buyer, all the while, cash has been withdrawn from buyer's bank. Seller's bank hopefully sends title to new owner. There's a lot of trust in the process.  |
No there isn't...it is the way the law works, and typically the exact same as a new car from a dealer. In point of fact, in most states, you do, in fact get your title with a listed lien holder.
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