Just got back from looking at a sandrail in Ca and was wondering what the process will be for seller and myself, the buyer.
The seller needs to payoff the loan to get the title.
He has to have my money to pay it off.
So I will not get the title in hand, when I give him the cash?
What is a pink slip?
The car is titled and reg in Ca with a pink slip.
I live in Az, so I will need to title it in Az.
What do I need to watch for?
Any input would be great, because I am spending alot of thousands of $'s.
Full Version: California Registration And Mvd
i would pay the loan off yourself in person if possible. have the current owner with you so he can sign a release of liability to you. and ofcourse take the car with you. good luck
A pink slip it the title.
When I payed off my loan for a car in CA. We went to the bank and handed them a check. They lost the pink slip, so the bank gave me the paper work to get a duplicate and another paper saying they released the lien.
I would think the current owner would be able to verify the bank has the pink slip. Then make an appointment for both of you to go to the bank. You give the check and get the pink in hand.
When I payed off my loan for a car in CA. We went to the bank and handed them a check. They lost the pink slip, so the bank gave me the paper work to get a duplicate and another paper saying they released the lien.
I would think the current owner would be able to verify the bank has the pink slip. Then make an appointment for both of you to go to the bank. You give the check and get the pink in hand.
If your givng the back a large check, they might put a hold on it, but these other guys are right. Dont just give him (or her) the money and hope they send you the paper work. You will also need a bill of sale from them. Make sure the lein is signed off by the bank and that the seller signs that pink (title) also. If they dont want to do it like the other members were telling you, something is funny.
I was going to give the bank cash to pay off the loan and get the lien release, but the bank is not local.
I will have to make out a cashiers check and send it to them. They will then send me the title in the mail, I think.
Should I take possesion of the car without the title in hand?
I will have to make out a cashiers check and send it to them. They will then send me the title in the mail, I think.
Should I take possesion of the car without the title in hand?
QUOTE (adbrothers @ Sep 20 2009, 01:52 AM) 
If your givng the back a large check, they might put a hold on it, but these other guys are right. Dont just give him (or her) the money and hope they send you the paper work. You will also need a bill of sale from them. Make sure the lein is signed off by the bank and that the seller signs that pink (title) also. If they dont want to do it like the other members were telling you, something is funny.
Whoever is listed as the owner on the title is the legal owner of the vehicle. I would do what others here have suggested, make an appointment at the sellers bank. Find out if they will accept a cashier’s check, cash or wire transfer to pay off the loan. Have the owner bring the car with him and sign off the title at the bank when the lien is payed off. Make sure you get a bill of sale from the seller. Oh yeah as stated earlier, banks are famous for loosing titles. Make them find it and fax you a copy of it to prove they have it before you travel to make the deal.
QUOTE (willknotsign @ Sep 20 2009, 04:21 PM)
QUOTE (adbrothers @ Sep 20 2009, 01:52 AM)
If your givng the back a large check, they might put a hold on it, but these other guys are right. Dont just give him (or her) the money and hope they send you the paper work. You will also need a bill of sale from them. Make sure the lein is signed off by the bank and that the seller signs that pink (title) also. If they dont want to do it like the other members were telling you, something is funny.
Whoever is listed as the owner on the title is the legal owner of the vehicle. I would do what others here have suggested, make an appointment at the sellers bank. Find out if they will accept a cashier’s check, cash or wire transfer to pay off the loan. Have the owner bring the car with him and sign off the title at the bank when the lien is payed off. Make sure you get a bill of sale from the seller. Oh yeah as stated earlier, banks are famous for loosing titles. Make them find it and fax you a copy of it to prove they have it before you travel to make the deal.
The problem is, his lienholder is out of state.
What is a green slip?
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