lazygood4nothinbum
Thinks s/he gets paid by the post
- Joined
- Feb 27, 2006
- Messages
- 3,895
as i've had two leased cars (don't ride me: they were damned good deals) and mostly company cars during my working life, i haven't bought a used car since forever.
since real estate is in the toilet and i have no idea if the inherited house will sell, i'm forgoing that 335 i've been lusting after and settling for the likes of a stang gt vertible. i can live for about a year on aftertax $s with the cost savings.
i could do a new one but they don't make yellow anymore. i found a 2006 with 6k miles in yellow about 200 miles away from here.
i'm aware of carfax and i intend also to get the name of the current owner's service station and contact them. but i am not at all familiar with the process of safely buying a used car.
i assume the current owner bought the car with borrowed money and that the car is being used as collateral. i assume also that the current owner is selling because he can not afford the car.
how do i wind up with (& know that i have) clear title if the current owner would be using my purchase money to pay off his loan?
since real estate is in the toilet and i have no idea if the inherited house will sell, i'm forgoing that 335 i've been lusting after and settling for the likes of a stang gt vertible. i can live for about a year on aftertax $s with the cost savings.
i could do a new one but they don't make yellow anymore. i found a 2006 with 6k miles in yellow about 200 miles away from here.
i'm aware of carfax and i intend also to get the name of the current owner's service station and contact them. but i am not at all familiar with the process of safely buying a used car.
i assume the current owner bought the car with borrowed money and that the car is being used as collateral. i assume also that the current owner is selling because he can not afford the car.
how do i wind up with (& know that i have) clear title if the current owner would be using my purchase money to pay off his loan?