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buying a car that is still being paid off???

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  #1  
Old 08-13-2006, 12:08 AM
quangdaika's Avatar
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Join Date: Jul 2006
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Default buying a car that is still being paid off???

So I just agreed to buy a car for $7K. The car is still being paid off by the seller. She said that she still own $7900. So my question is what prevent the bank from going after me to get the remaining $900? I am in Washington state by the way.

She also said that since I don't have a title, I can sign the Certificate of Registration and after she paid off everything, they will send the title to me.

Thanks.

 
  #2  
Old 08-13-2006, 01:05 AM
AgentofDarkness's Avatar
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Location: Chicago, Illinois
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Default RE: buying a car that is still being paid off???

I hope you trust this person pretty well b/c it sounds like she could screw you over pretty easy. What if you give your the $7000 and she decides she doesn't want to sign the title over to you? I would keep looking, plenty more fish in the sea. No need to run after shady deals.
 
  #3  
Old 08-13-2006, 01:52 AM
Peg_Leg's Avatar
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Default RE: buying a car that is still being paid off???

^^^^^true i would stay away from this deal
 
  #4  
Old 08-13-2006, 01:26 PM
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Default RE: buying a car that is still being paid off???

There are a lot of people in this world that take advantege of innocent people. I would not do it.
 
  #5  
Old 08-13-2006, 01:33 PM
Join Date: Mar 2006
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Default RE: buying a car that is still being paid off???

how can she sign the title over when she doesnt own the car? The bank has the title. The car would never be yours unless she pays the additional 900 dollars.
 
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