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214 Posts
Hola Lotus Community,
Longtime lurker (over 3 years) here, but I hope to be writing a more thorough post in the coming weeks once I actually purchase and take possession of a 2007 Exige S.
As it is, I'm looking at one tomorrow here in Southern California, from a private party seller, who happens to owe more on the vehicle than he and I have discussed exchanging should the vehicle meet the description and my expectations (which I think it will quite easily).
I am planning on purchasing with a bank check or cashier's check, not using any financing on my end.
What is the standard protocol for transferring title in CA and clearing the lienholder from the title document?
I don't believe the seller will have this cleared prior to our exchange, and I'm thinking that we'll have to both go to the seller's financing institution and get them paid off using my purchase money. Seems like a bit of a hassle.
What have others gone through on similar private party + bank lienholder transactions?
Longtime lurker (over 3 years) here, but I hope to be writing a more thorough post in the coming weeks once I actually purchase and take possession of a 2007 Exige S.
As it is, I'm looking at one tomorrow here in Southern California, from a private party seller, who happens to owe more on the vehicle than he and I have discussed exchanging should the vehicle meet the description and my expectations (which I think it will quite easily).
I am planning on purchasing with a bank check or cashier's check, not using any financing on my end.
What is the standard protocol for transferring title in CA and clearing the lienholder from the title document?
I don't believe the seller will have this cleared prior to our exchange, and I'm thinking that we'll have to both go to the seller's financing institution and get them paid off using my purchase money. Seems like a bit of a hassle.
What have others gone through on similar private party + bank lienholder transactions?