Re: used car - clear title question
Usually the state you are in has guidelines for transactions of that sort. I am assuming this is a "private party transaction"? If so, I would do the following:
The Internet has sales agreements you can download that are state-specific, make sure you use the right state.
DO NOT fork over your money until you have a clear title that is stamped or otherwise notarized that says the lien is satisfied. When I used to buy cars this way, the seller AND I would go to the bank together and settle up, and then got to the DMV together to get the car licensed to me. If the seller didn't agree to that, no deal.
Of course, that was WAY before the Internet and such. However, Carfax is an excellent thing to have done on a car, they will pay to make you whole if their "findings" are inaccurate..............
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)