question: buying car with title at credit union
04-21-2010, 05:05 PM
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question: buying car with title at credit union
Excuse me for my stupidity. As the topic stated, is there anything that I need to know if I'm buying a car from a private party and the title is at the seller's credit union. I've never had to deal with credit union before 
How do I get the title? so and so??? Thanks!
04-21-2010, 05:10 PM
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It's basically still on a lien with the credit union if the title is still with them. So you get a check from your bank to pay the credit union and you'll have a lien with your bank. Then your bank will be given the title to hold till you pay off the loan. If you're paying in full with cash, title will be transferred to you. It's not as hard as it sounds
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04-22-2010, 01:56 AM
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thanks for the support guys... sorry if i didn't make myself clear, but as i mentioned, excuse me for my stupidity (or just plain drunk)... what i meant is that what if i buy from a private seller that he/she has the title with his/her credit union. I don't finance and I'll pay in full as most Asians do So do i pay the seller in full or pay his/her credit union for whatever he/she owes plus the difference to the seller or what??? Thanks again...and yesssss it's about time Cheng... I might want to take a closer look at your front lip as that's what i have in mind if i pick this baby up
uhhhh somebody give Mr. Quan an update pleazzzeeee..
whatzz'up buddy ... or maybe Mac can say it for me that "It's toooooo blueeeeeee" Oh yea, I forgot to ask what if the seller is out of state? Is there any fee that I need to be aware of???
I'm crossing my fingers... hopefully I'll bring her home this weekend...
04-22-2010, 02:00 AM
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Originally Posted by rydelow,Apr 21 2010, 06:10 PM
If you're paying in full with cash, title will be transferred to you. It's not as hard as it sounds
04-22-2010, 07:35 AM
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It really depends on how much is still owned on the lien. If the purchase price is more then the lien, then you will pay off the lien directly to the lender and the remaining will go to the seller. DO NOT give the seller the entire amount. Pay the lien holder directly.