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Question on getting a title through a another person's bank.

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Old 08-28-2011, 07:33 PM   #1
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Question on getting a title through a another person's bank.

So I'm new to the game of financing, and yesterday I went to look at a truck.
The problem is the guy still owes a little on the vehicle. So I was wondering how do I go about getting his company payed off through my company? Does my bank just send money over to his to finish off his payment and get the title?

Is this an easier process then I think and I'm just overthinking it? Maybe if someone could just lay out exactly what's going to happen it'll put my head at ease for what to do.

Thanks.
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Old 08-28-2011, 07:39 PM   #2
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When you buy the truck you will go to his bank with your money and pay for it. The amount that is still owed will go to to lien holder and the remaining will go to his account. You will receive title in a few weeks.
Simple process, people do it all the time.
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