I'm not quite in the same situation as you, but here goes:
Sometimes a sale on ebay will have you paying a flat fee for
"paperwork". If you are buying from a private seller,
you should be able to sign it over and just pay fees that Texas
charges. Your state might also have an inspection fee
from your local police department to "curtail auto theft", but in
reality it's just a revenue generator.
If you have a yearly sniffer inspection, but OK does not, you may have
to do a little work there to bring it up to spec.
I have purchased a fox body from Texas, titled it in Kansas and just
paid the inspection and the licensing fee. No fees were paid to Texas.
Your state may have different requirements. To be sure, call your DMV
Well, this has turned into a difficult deal.
Seller is in Oklahoma.
He has it financed through Ford Credit.
He owes more than I'm paying.
Oklahoma give the borrower a full title, all the lender gets is a lien.
So, if I drive up, pay the guy, take the car, with signed title and bill
of sale and go home, I have to depend on him paying off the loan with
the proceeds (and his added cash) and then Ford Credit sending me a lien
release. then I can get it titled in Texas.
That's a problem we have not yet found a solution for.
you have to pay Ford Credit not the seller. You need to ask Ford Credit if
they will give you the title. Most likely you will have to pay off the loan.
Most likely the car will cost you what he/she owes on it. Call Ford Credit
and deal with them directly. The"seller" probably will run with the money if
you give it to him/her.
I think the seller is honest. He is making an honest effort to find a
way to sell the car in such a way that I am protected.
It's possible I could arrange with Ford Credit to mail his check and
mine along with a bill of sale made out to me, and get them do send me
Generally I'd agree, but this is a Shelby GT at a good (but not
And I've conversed and emailed the guy enough that I'm confident he's a
I talked to a customer in that state who deals in vehicles a bit and is
pretty sharp. He says that sort of arrangement is pretty common in the
state, and he's done several that way.
So I've decided to proceed with it. If I get up there and it doesn't
smell right, I'll be out a couple plane tickets.
Scott Van Nest wrote:
Scott, thank you for the offer.
We are flying up first thing tomorrow. Seller will pick us up and we'll
test drive it to his bank to do the deal.
If it turns out to be not-as-advertised, we'll have to figure out how to
get back home ;)
Scott Van Nest wrote:
Ordinarily, I'd tell you to run away from this, but if I was in your
shoes, I'd be drooling over this deal myself.
Somehow, you've got to have the seller, Ford Credit, and yourself all
in the same room to finalize this transaction.
Your seller may be on the up-and-up and be honest. Or he may be the
sweetest talking crook in the world.
Whatever you do, don't send him the money and then just expect him to
sign the title over and mail it to you. Be there in person and have
Ford Credit sign the thing over as you watch.
Good luck with your ride.
Here is what we decided on:
1 - I bring a cashiers check for $25,700.00 made out to Ford Credit
2 - Seller adds his check for the balance and we seal it and mail it
together with the note payment form, registered mail. PO is next door to
3 - Seller gives me
Title, signed and notarized at the bank
Bill of sale, using official form, signed and notarized.
the Mustang, of course
4 - Seller and I sign contract stating sale of car and agreeing to pay
off note and forward Release of Lien to me ASAP. Also agrees to take any
steps required to deliver a clean title to me. Signed and notarized.
5 - Seller receives Release of Lien within 10 days and forward to me.
Yes, I did. very nice car.
Got 50 miles toward home and a truck threw a rock into the windshield.
Instant chi grrr
Then 2 miles later the LR tire went flat. No spare on these, so I pulled
out the little factory compressory/tire sealer assembly and aired it up.
Fortunately it held well enough to get to the next town.
Luckily, they fund a nice used tire in the right size and got me on my
I need to see about getting the tire replaced. Ford says they won't
warranty it, so it's looking like a $200 tire.
Oh, and I'll visit the glass shop ;/
But it's a neat car and I'm very happy with it.
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