Help with purchase please :) - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

SkunkJunk420 · 04-16-2018, 07:02 PM

Im really lucky to have found such a nice and well maintained 2013 Hot wheels editions. Has everything I ever wanted with nav and manual transmission etc... Anyways, my question or situation is this. The seller has informed me that the only problem we will run into is the title. The car I believe is still being paid on. I would assume the seller will take the buyers (me) money and pay off the car and send the title. Is there anyway to make sure, on my end, that the buyer will send the title? Maybe some sort of notarized contract? Any and all help is greatly appreciated

DBHWT · 04-16-2018, 07:09 PM

Perfect scenario would be to go to bank w/him..pay off loan and get lien released / paperwork taken care of IMHO

Welker2 · 04-16-2018, 07:09 PM

If the vehicle has a loan on it you need to pay the lean holder the balance due, not the seller; you only pay him/her the remainder.

If you and the seller are close, you can both go to their bank/credit union; bring two (cashiers) checks; one for the amount owed the bank/credit union and the other for the difference due the seller. The bank/credit union will work with you to insure the title is transferred and sent directly to you.

If the seller is in a different state, go to your bank/credit union and talk to them; they deal with these situations all the time and will walk you through what needs to be done. Basically they will work with the seller's bank/credit union to pay off the loan and insure the title is transferred to you. You will then just pay the seller the remainder. This can also often be done as a transfer of funds from your bank/credit union to the sellers (I've actually done this in the past).

Good Luck

Grey2ss · 04-16-2018, 07:14 PM

When I sold my last truck with a loan. I just went to the bank with him and they took care of everything. Wrote me a check on the spot. So reverse the scenario.

You go to his bank and give the bank the money to pay if off and release the title and they notorize everything.

Camcar · 04-16-2018, 07:15 PM

I just went through this, and if possible I would recommend meeting up with the seller and going to the bank together so they can pay it off. That way you can make sure that the appropriate papers are signed and that the bank has your proper contact information. I didn't do that, and it took a lot of time and text messages to finally get the car registered in my name.

SkunkJunk420 · 04-16-2018, 07:53 PM

I appreciate being part of such a great community

Thanks for all the help. The seller will be contacting their bank tomorrow!

InFiD3ViL · 04-16-2018, 10:04 PM

Damn man, nice collection you got started there!

A 13' SS, 17' ZL1, and now a 13' Hot Wheels edition !? Do you need a man servant? I am for hire!

SkunkJunk420 · 04-16-2018, 11:00 PM

Quote:

Originally Posted by InFiD3ViL

Damn man, nice collection you got started there!

A 13' SS, 17' ZL1, and now a 13' Hot Wheels edition !? Do you need a man servant? I am for hire!

I forgot to update this picture. Sadly I sold my black 13SS and thats why Im trying to get the hot wheels. It will be my 3rd fifth gen camaro. They are my favorite by far!

kmarshall2121 · 04-17-2018, 01:06 PM

i had an instance like this once where going with them to their bank didnt work, so we made the check payable to both him and the bank - this way he needs to go to the lien holder for release. All info can be written on the check... All worked out that time...just my opinion...

maddoggyusa · 04-17-2018, 01:45 PM

his bank might be out of state. I had this issue years ago and walked away from the deal... but today I'd have contacted the bank and worked it out.

04-16-2018, 07:02 PM	#1
SkunkJunk420 Drives: camaros Join Date: May 2010 Location: Austin, TX Posts: 851 View My Garage	Help with purchase please :) Im really lucky to have found such a nice and well maintained 2013 Hot wheels editions. Has everything I ever wanted with nav and manual transmission etc... Anyways, my question or situation is this. The seller has informed me that the only problem we will run into is the title. The car I believe is still being paid on. I would assume the seller will take the buyers (me) money and pay off the car and send the title. Is there anyway to make sure, on my end, that the buyer will send the title? Maybe some sort of notarized contract? Any and all help is greatly appreciated

04-16-2018, 07:09 PM	#3
Welker2 Ret AF, cancer survivor Drives: 2013 Camaro 2SS/RS & 2006 Corvette Join Date: Jul 2015 Location: Mesquite, NV Posts: 2,741 View My Garage	If the vehicle has a loan on it you need to pay the lean holder the balance due, not the seller; you only pay him/her the remainder. If you and the seller are close, you can both go to their bank/credit union; bring two (cashiers) checks; one for the amount owed the bank/credit union and the other for the difference due the seller. The bank/credit union will work with you to insure the title is transferred and sent directly to you. If the seller is in a different state, go to your bank/credit union and talk to them; they deal with these situations all the time and will walk you through what needs to be done. Basically they will work with the seller's bank/credit union to pay off the loan and insure the title is transferred to you. You will then just pay the seller the remainder. This can also often be done as a transfer of funds from your bank/credit union to the sellers (I've actually done this in the past). Good Luck __________________

04-16-2018, 07:53 PM	#6
SkunkJunk420 Drives: camaros Join Date: May 2010 Location: Austin, TX Posts: 851 View My Garage	Thanks!!! I appreciate being part of such a great community Thanks for all the help. The seller will be contacting their bank tomorrow!

04-16-2018, 10:04 PM	#7
InFiD3ViL Drives: 2010 CGM 2SS/RS LS3 Swapped A6 Join Date: Sep 2016 Location: Spring Hill, FL Posts: 4,570	Damn man, nice collection you got started there! A 13' SS, 17' ZL1, and now a 13' Hot Wheels edition !? Do you need a man servant? I am for hire! __________________ 2010 CGM Camaro 2SS LS3 Swapped A6 - GPI LS3 SS1 .647/.638, (224/237, 112 +4, 7º overlap) on CamMotion 8620 core, BTR Platinum .660" Dual Spring kit w/titanium retainers, CHE bronze trunnion upgrade, stock heads milled @ .015, Melling HV 10296 oil pump, TSP 1-7/8" long tube headers (W/Catless Off-road Pipes), Corsa Xtreme 3" Catback, GPI Ported/Rod Mod Intake, Stage 2 Ported Throttle Body, Vararam OTR CAI, Mike Norris Gen 2 catch can + GM 1LE clean side separator, 160º thermostat - Megan Racing adjustable coilovers (lowered 1.75"), MRR M017 10/11" wheels-Tuned by Ryan @ GPI

04-16-2018, 07:09 PM	#2
DBHWT Drives: 2013 SS 1LE Join Date: Nov 2011 Location: Cincinnati / N KY area Posts: 559	Perfect scenario would be to go to bank w/him..pay off loan and get lien released / paperwork taken care of IMHO

04-16-2018, 07:14 PM	#4
Grey2ss Drives: 2015 Camaro 2ss Join Date: Apr 2017 Location: Phoenix Posts: 105	When I sold my last truck with a loan. I just went to the bank with him and they took care of everything. Wrote me a check on the spot. So reverse the scenario. You go to his bank and give the bank the money to pay if off and release the title and they notorize everything.

04-16-2018, 07:15 PM	#5
Camcar Drives: 2010 RS/SS Join Date: Jul 2017 Location: Southeastern Washington Posts: 77	I just went through this, and if possible I would recommend meeting up with the seller and going to the bank together so they can pay it off. That way you can make sure that the appropriate papers are signed and that the bank has your proper contact information. I didn't do that, and it took a lot of time and text messages to finally get the car registered in my name.

04-17-2018, 01:06 PM	#9
kmarshall2121 Drives: 2012 45th Anniversary Edition Join Date: Aug 2012 Location: San Diego, CA Posts: 1,618 View My Garage	i had an instance like this once where going with them to their bank didnt work, so we made the check payable to both him and the bank - this way he needs to go to the lien holder for release. All info can be written on the check... All worked out that time...just my opinion...

04-17-2018, 01:45 PM	#10
maddoggyusa Drives: 2013 Camaro Dusk 2SS/6 Join Date: Sep 2013 Location: New Jersey Posts: 1,586	his bank might be out of state. I had this issue years ago and walked away from the deal... but today I'd have contacted the bank and worked it out.