patrickffitz
Junior Member
I live in California, looking to buy a car in North Dakota.
I'm looking to buy a classic car from out-of-state. I cannot go pick the car up myself. I've had the car inspected, so I am confident that it exists. I've done some internet research on the seller and I believe that he is who he says he is and lives where he says he does. The seller insists that he must have all funds in his account prior to sending the title to me and prior to releasing the car for shipment. He will overnight the title once the funds transfer is complete. This is reasonable on his end, however does not protect me, the buyer in any way.
What is the safest way for me to complete this transaction and what legal paper trail can I create in order to protect myself? He prefers a wire transfer or a cashier's check. Perhaps a bill-of-sale that states legal ownership is transferred to myself once all funds have been received by the seller? My concern here is that between the time he receives the funds and I receive the title, I am vulnerable with no legal recourse.
I'm looking to buy a classic car from out-of-state. I cannot go pick the car up myself. I've had the car inspected, so I am confident that it exists. I've done some internet research on the seller and I believe that he is who he says he is and lives where he says he does. The seller insists that he must have all funds in his account prior to sending the title to me and prior to releasing the car for shipment. He will overnight the title once the funds transfer is complete. This is reasonable on his end, however does not protect me, the buyer in any way.
What is the safest way for me to complete this transaction and what legal paper trail can I create in order to protect myself? He prefers a wire transfer or a cashier's check. Perhaps a bill-of-sale that states legal ownership is transferred to myself once all funds have been received by the seller? My concern here is that between the time he receives the funds and I receive the title, I am vulnerable with no legal recourse.