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Buying a car that still has a loan on it

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piper

Junior Member
What is the name of your state? TX

Hi Guys,

I found a car i really like and the seller is an individual seller, i verified that he is the owner but he told me he owes the bank on this car (has not pay it off yet from wellsfargo bank)

and title is with the bank, so any idea how i should proceed to make sure title will be transfered to me without the lien when i pay for the car?

When i do the transaction at wellsfargo what should i get when i walk out the bank's door besides the car keys?

Thanks for the help in advanced guys.

This is my first car purchase :)
 


CraigFL

Member
You should be able to make an appointment at Wells Fargo and with the seller so all three interested parties are present when the transaction is made. The seller will get paid, the leinholder will be paid and the title release and transfer will occur properly. Technically, all WF has to do is sign the title with their release and give it to you right there.
 

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