Mike "Wuzzy121". Rest in peace, brother

Go Back   Tacoma World Forums > Tacoma Discussion > 2nd Gen. Tacomas

Notices

Question about buying a car with Lien title

Reply
 
Thread Tools Search this Thread
Old 01-03-2013, 03:24 PM   #21
Señor member
Cr250jumper is one of the sharper tools in the shedCr250jumper is one of the sharper tools in the shedCr250jumper is one of the sharper tools in the shedCr250jumper is one of the sharper tools in the shedCr250jumper is one of the sharper tools in the shedCr250jumper is one of the sharper tools in the shedCr250jumper is one of the sharper tools in the shedCr250jumper is one of the sharper tools in the shedCr250jumper is one of the sharper tools in the shedCr250jumper is one of the sharper tools in the shedCr250jumper is one of the sharper tools in the shed
 
Cr250jumper's Avatar
Joined: Dec 2010, #47033
Location: The moon
Age: 99
Gender: Male
Posts: 9,574
Cr250jumper's Tacoma Gallery
Quote:
Originally Posted by Gincoma View Post
Why? People have to pay for taxes and registration in there respective state regarless if its new or used or from another state. Why would anyone sell a vehicle in there right mind consider ones taxes and registration. Its unheard of unless there family.
X2. In Arizona the seller keeps the license and paid registration to put towards your next set of tags. So even if the registration is good and I sell you a vehicle, I keep the plates and you have to purchase new ones for yourself
  Reply With Quote
Old 01-03-2013, 03:52 PM   #22
Never take the bait
Jasmine is one of the sharper tools in the shedJasmine is one of the sharper tools in the shedJasmine is one of the sharper tools in the shedJasmine is one of the sharper tools in the shedJasmine is one of the sharper tools in the shedJasmine is one of the sharper tools in the shedJasmine is one of the sharper tools in the shedJasmine is one of the sharper tools in the shedJasmine is one of the sharper tools in the shedJasmine is one of the sharper tools in the shedJasmine is one of the sharper tools in the shed
 
Jasmine's Avatar
Joined: Dec 2011, #68304
Gender: Chick
Posts: 6,115
Jasmine's Tacoma Gallery
Here you go op
http://www.dmv.ca.gov/pubs/brochures/howto/htvr9.htm
  Reply With Quote
Old 01-03-2013, 03:57 PM   #23
Never take the bait
Jasmine is one of the sharper tools in the shedJasmine is one of the sharper tools in the shedJasmine is one of the sharper tools in the shedJasmine is one of the sharper tools in the shedJasmine is one of the sharper tools in the shedJasmine is one of the sharper tools in the shedJasmine is one of the sharper tools in the shedJasmine is one of the sharper tools in the shedJasmine is one of the sharper tools in the shedJasmine is one of the sharper tools in the shedJasmine is one of the sharper tools in the shed
 
Jasmine's Avatar
Joined: Dec 2011, #68304
Gender: Chick
Posts: 6,115
Jasmine's Tacoma Gallery
Quote:
Originally Posted by Cr250jumper View Post
X2. In Arizona the seller keeps the license and paid registration to put towards your next set of tags. So even if the registration is good and I sell you a vehicle, I keep the plates and you have to purchase new ones for yourself
It would be simple if he was buying a car already registered here.. I'm just saying why not negotiate a lower price because the seller was too lazy to register his car here like he was supposed to 2 years ago (although he probably didn't do it because it can be expensive).. and now there are more fees than if the seller had just registered it here like he was supposed to and then sold it. The fact that he lives in the state in is trying to sell the car without doing it first already puts a red flag up for me.
  Reply With Quote
Old 01-03-2013, 05:51 PM   #24
Senior Member
maineah is one of the sharper tools in the shedmaineah is one of the sharper tools in the shedmaineah is one of the sharper tools in the shedmaineah is one of the sharper tools in the shedmaineah is one of the sharper tools in the shedmaineah is one of the sharper tools in the shedmaineah is one of the sharper tools in the shedmaineah is one of the sharper tools in the shedmaineah is one of the sharper tools in the shedmaineah is one of the sharper tools in the shedmaineah is one of the sharper tools in the shed
Law Enforcement:
Name: Tim
Joined: Mar 2011, #53641
Location: Maine
Gender: Male
Posts: 2,854
maineah's Tacoma Gallery
What difference does the lien make it sure sounds like a finance lien once the thing is paid off you get a title with no lien and then you register the truck with a clean new title. I sure would advise sitting in front of the loan officer when there is money exchanged.
  Reply With Quote
Old 01-03-2013, 06:02 PM   #25
Senior Member
cheech1 is on a distinguished road
Joined: Oct 2011, #65982
Location: Kaneohe, HI
Gender: Male
Posts: 137
cheech1's Tacoma Gallery
And if you finance the truck, your lending institution will now have a lien on the truck.
  Reply With Quote
Old 01-03-2013, 08:05 PM   #26
Senior Member
Rich91710 is one of the sharper tools in the shedRich91710 is one of the sharper tools in the shedRich91710 is one of the sharper tools in the shedRich91710 is one of the sharper tools in the shedRich91710 is one of the sharper tools in the shedRich91710 is one of the sharper tools in the shedRich91710 is one of the sharper tools in the shedRich91710 is one of the sharper tools in the shedRich91710 is one of the sharper tools in the shedRich91710 is one of the sharper tools in the shedRich91710 is one of the sharper tools in the shed
 
Rich91710's Avatar
Name: Rich
Joined: Feb 2012, #73470
Location: Los Angeles
Gender: Male
Posts: 16,537
Rich91710's Tacoma Gallery
Quote:
Originally Posted by bareefer View Post
Hi im looking to buy the 2007 tacoma that i have a few questions about before i buy. Im hoping that some people might have some insight on how to do the transaction. I live in California and the car is located here. The owner originally bought the car CPO from Toyota in Oregon. He is the 2nd owner and moved to cali 2 years ago but did not register the car. Now he wants to sell the car but the car still has a loan / lien on it. Toyota Financial still owns the car. questions i have are:

1.what is the best and safest way to purchase the car since i will be paying off the car for him first and plan on having a bill of sale, power of attorney form, lien satisfied/legal owner/title holder release form all going to be signed and notarized. he will then give car over to me and we will wait for the title to go to him and then sign it over to me.

2. the car is from oregon and i will need to register it in cali. any fees i need to know about or problems with registering the car, smog. etc.

Thanks in advance for any input would be great. i just want to make sure im protected. anything i should get from him?
The lien is not the problem.
You get paperwork from the bank and write a joint check.
The bank cashes the check, releases the title to you, and gives the seller the change.

The way you are proposing to execute the sale leaves you wide open for problems... namely, he gets the title from the bank and then calls the cops claiming that you stole the truck.
If the guy has half a brain, you won't get a PoA... ANYONE who signs one of those in a private party transaction is a fool.

The problem is the registration.
California does not take kindly to people not registering their vehicles, and there very well may be a secondary lien on the title by the DMV that the bank is unaware of and will need to be cleared before you can take title.
Registration fees plus penalties can exceed $1000.

I wouldn't touch it with a 10 foot pole.
  Reply With Quote
Old 01-03-2013, 08:17 PM   #27
revised
TrdSurgie is one of the sharper tools in the shedTrdSurgie is one of the sharper tools in the shedTrdSurgie is one of the sharper tools in the shedTrdSurgie is one of the sharper tools in the shedTrdSurgie is one of the sharper tools in the shedTrdSurgie is one of the sharper tools in the shedTrdSurgie is one of the sharper tools in the shedTrdSurgie is one of the sharper tools in the shedTrdSurgie is one of the sharper tools in the shedTrdSurgie is one of the sharper tools in the shedTrdSurgie is one of the sharper tools in the shed
Navy: HM2
Joined: Feb 2012, #73132
Location: SoCal
Gender: Male
Posts: 2,843
TrdSurgie's Tacoma Gallery
Quote:
Originally Posted by bareefer View Post
Hi im looking to buy the 2007 tacoma that i have a few questions about before i buy. Im hoping that some people might have some insight on how to do the transaction. I live in California and the car is located here. The owner originally bought the car CPO from Toyota in Oregon. He is the 2nd owner and moved to cali 2 years ago but did not register the car. Now he wants to sell the car but the car still has a loan / lien on it. Toyota Financial still owns the car. questions i have are:

1.what is the best and safest way to purchase the car since i will be paying off the car for him first and plan on having a bill of sale, power of attorney form, lien satisfied/legal owner/title holder release form all going to be signed and notarized. he will then give car over to me and we will wait for the title to go to him and then sign it over to me.

2. the car is from oregon and i will need to register it in cali. any fees i need to know about or problems with registering the car, smog. etc.

Thanks in advance for any input would be great. i just want to make sure im protected. anything i should get from him?

Find another truck.
  Reply With Quote
Old 01-03-2013, 08:19 PM   #28
It burns when I pee....
ABA180 is one of the sharper tools in the shedABA180 is one of the sharper tools in the shedABA180 is one of the sharper tools in the shedABA180 is one of the sharper tools in the shedABA180 is one of the sharper tools in the shedABA180 is one of the sharper tools in the shedABA180 is one of the sharper tools in the shedABA180 is one of the sharper tools in the shedABA180 is one of the sharper tools in the shedABA180 is one of the sharper tools in the shedABA180 is one of the sharper tools in the shed
 
ABA180's Avatar
Name: Chris
Joined: Oct 2012, #88520
Location: East Bridgewater MA
Age: 40
Gender: Male
Posts: 5,550
ABA180's Tacoma Gallery
Quote:
Originally Posted by Beavis0076 View Post
a lein is diff than the remaining balance on his financing.
*edit*.. i think.. lol
Yes and no.

Yes, remaining balance is a lien.

No, remaining balance is not the only lien.
  Reply With Quote
Old 01-03-2013, 08:27 PM   #29
Senior Member
Jimmyh is one of the sharper tools in the shedJimmyh is one of the sharper tools in the shedJimmyh is one of the sharper tools in the shedJimmyh is one of the sharper tools in the shedJimmyh is one of the sharper tools in the shedJimmyh is one of the sharper tools in the shedJimmyh is one of the sharper tools in the shedJimmyh is one of the sharper tools in the shedJimmyh is one of the sharper tools in the shedJimmyh is one of the sharper tools in the shedJimmyh is one of the sharper tools in the shed
 
Jimmyh's Avatar
Navy: MT1 (SS) retired
Joined: May 2012, #78991
Location: SC
Gender: Male
Posts: 2,613
Jimmyh's Tacoma Gallery
Quote:
Originally Posted by Rich91710 View Post
The lien is not the problem.
You get paperwork from the bank and write a joint check.
The bank cashes the check, releases the title to you, and gives the seller the change.

The way you are proposing to execute the sale leaves you wide open for problems... namely, he gets the title from the bank and then calls the cops claiming that you stole the truck.
If the guy has half a brain, you won't get a PoA... ANYONE who signs one of those in a private party transaction is a fool.


The problem is the registration.
California does not take kindly to people not registering their vehicles, and there very well may be a secondary lien on the title by the DMV that the bank is unaware of and will need to be cleared before you can take title.
Registration fees plus penalties can exceed $1000.

I wouldn't touch it with a 10 foot pole.
Well said! That is why I said to run.
  Reply With Quote
Old 01-03-2013, 08:37 PM   #30
Backdoor Commentator
DoorDing is one of the sharper tools in the shedDoorDing is one of the sharper tools in the shedDoorDing is one of the sharper tools in the shedDoorDing is one of the sharper tools in the shedDoorDing is one of the sharper tools in the shedDoorDing is one of the sharper tools in the shedDoorDing is one of the sharper tools in the shedDoorDing is one of the sharper tools in the shedDoorDing is one of the sharper tools in the shedDoorDing is one of the sharper tools in the shedDoorDing is one of the sharper tools in the shed
 
DoorDing's Avatar
Joined: Sep 2012, #86445
Age: 2
Gender: Male
Posts: 17,072
DoorDing's Tacoma Gallery
Quote:
Originally Posted by Rich91710 View Post
The lien is not the problem.
You get paperwork from the bank and write a joint check.
The bank cashes the check, releases the title to you, and gives the seller the change.

The way you are proposing to execute the sale leaves you wide open for problems... namely, he gets the title from the bank and then calls the cops claiming that you stole the truck.
If the guy has half a brain, you won't get a PoA... ANYONE who signs one of those in a private party transaction is a fool.

The problem is the registration.
California does not take kindly to people not registering their vehicles, and there very well may be a secondary lien on the title by the DMV that the bank is unaware of and will need to be cleared before you can take title.
Registration fees plus penalties can exceed $1000.

I wouldn't touch it with a 10 foot pole.
Good advice. I'll bet most everyone here has (or had) a lien on a vehicle. Something worth remembering is that when you pay off an auto loan, you should have the lien removed from the title. It's not always done automatically, and an old lien can create a snag when you decide to sell the vehicle years later.

OP, the only way I'd bother with this truck would be for the owner to bring the registration current in California before purchase. Interstate transfers can be a real PITA, and as the purchaser, that really shouldn't be a pain in your ass. If the seller won't agree to that, move on. There are lots of Tacomas for sale without lien and registration issues.
  Reply With Quote
Old 01-03-2013, 08:48 PM   #31
bareefer [OP] bareefer is offline
Member
bareefer is on a distinguished road
Name: Frank
Joined: Jan 2013, #94255
Location: Oakland
Gender: Male
Posts: 60
bareefer's Tacoma Gallery
THANKS VERY HELPFUL!

Quote:
Originally Posted by NoSoup4You View Post
Here is a fee calculator from CA DMV for importing cars from other states: https://www.dmv.ca.gov/FeeCalculator...esidentForm.do
  Reply With Quote
Old 01-03-2013, 08:49 PM   #32
bareefer [OP] bareefer is offline
Member
bareefer is on a distinguished road
Name: Frank
Joined: Jan 2013, #94255
Location: Oakland
Gender: Male
Posts: 60
bareefer's Tacoma Gallery
SORRY I THOUGHT LIEN WAS THE SAME AS LOAN. HE HAS A LOAN ONLY DOES THAT MAKE A DIFFERENCE

THANKS IN ADVANCE

Quote:
Originally Posted by Beavis0076 View Post
if he has a lein on it, it means he screwed someone out of money they were owed.. what makes you think he wouldnt do that to you.. i would walk.
  Reply With Quote
Old 01-03-2013, 08:51 PM   #33
Senior Member
taczilla is on a distinguished road
 
taczilla's Avatar
Name: Marc
Joined: Jul 2012, #82874
Location: Picton, Ontario, Canada
Gender: Male
Posts: 136
taczilla's Tacoma Gallery
Quote:
Originally Posted by bareefer View Post
Hi im looking to buy the 2007 tacoma that i have a few questions about before i buy. Im hoping that some people might have some insight on how to do the transaction. I live in California and the car is located here. The owner originally bought the car CPO from Toyota in Oregon. He is the 2nd owner and moved to cali 2 years ago but did not register the car. Now he wants to sell the car but the car still has a loan / lien on it. Toyota Financial still owns the car. questions i have are:

1.what is the best and safest way to purchase the car since i will be paying off the car for him first and plan on having a bill of sale, power of attorney form, lien satisfied/legal owner/title holder release form all going to be signed and notarized. he will then give car over to me and we will wait for the title to go to him and then sign it over to me.

2. the car is from oregon and i will need to register it in cali. any fees i need to know about or problems with registering the car, smog. etc.

Thanks in advance for any input would be great. i just want to make sure im protected. anything i should get from him?

SORRY EVERYONE I MUST HAVE GOT THEM CONFUSED THE CAR IS FINANCED THRU TOYOTA AND I THOUGHT LIEN WAS THE SAME THING.
I don't know what your financial stuation is that you have such a hard-on for this truck, but on the deal...

.. and if you wanna go down the toilet.



Why fuckin' bother? We build them every day.
  Reply With Quote
Old 01-03-2013, 08:54 PM   #34
bareefer [OP] bareefer is offline
Member
bareefer is on a distinguished road
Name: Frank
Joined: Jan 2013, #94255
Location: Oakland
Gender: Male
Posts: 60
bareefer's Tacoma Gallery
Do you know if tere are any fees i have to pay since he didnt reg. the car for 2 years?

Quote:
Originally Posted by Jasmine View Post
It would be simple if he was buying a car already registered here.. I'm just saying why not negotiate a lower price because the seller was too lazy to register his car here like he was supposed to 2 years ago (although he probably didn't do it because it can be expensive).. and now there are more fees than if the seller had just registered it here like he was supposed to and then sold it. The fact that he lives in the state in is trying to sell the car without doing it first already puts a red flag up for me.
  Reply With Quote
Old 01-03-2013, 09:07 PM   #35
Senior Member
Rich91710 is one of the sharper tools in the shedRich91710 is one of the sharper tools in the shedRich91710 is one of the sharper tools in the shedRich91710 is one of the sharper tools in the shedRich91710 is one of the sharper tools in the shedRich91710 is one of the sharper tools in the shedRich91710 is one of the sharper tools in the shedRich91710 is one of the sharper tools in the shedRich91710 is one of the sharper tools in the shedRich91710 is one of the sharper tools in the shedRich91710 is one of the sharper tools in the shed
 
Rich91710's Avatar
Name: Rich
Joined: Feb 2012, #73470
Location: Los Angeles
Gender: Male
Posts: 16,537
Rich91710's Tacoma Gallery
Quote:
Originally Posted by bareefer View Post
Do you know if tere are any fees i have to pay since he didnt reg. the car for 2 years?
Yes.

2 years worth of registration plus fees.
Then add title transfer plus the 2013 registration.

Seller is liable for smog check... smog place will require current registration to process it.
No tags, no smog, no sale.
  Reply With Quote
Old 01-03-2013, 09:09 PM   #36
Senior Member
2ski4life7 is one of the sharper tools in the shed2ski4life7 is one of the sharper tools in the shed2ski4life7 is one of the sharper tools in the shed2ski4life7 is one of the sharper tools in the shed2ski4life7 is one of the sharper tools in the shed2ski4life7 is one of the sharper tools in the shed2ski4life7 is one of the sharper tools in the shed2ski4life7 is one of the sharper tools in the shed2ski4life7 is one of the sharper tools in the shed2ski4life7 is one of the sharper tools in the shed2ski4life7 is one of the sharper tools in the shed
Name: Grant
Joined: Apr 2012, #77911
Location: San Diego ca
Gender: Male
Posts: 507
2ski4life7's Tacoma Gallery
There are definintely going to be fees from the DMV. The reason he never registered it was pry because he paid no sales tax in oregon when he bought the vehicle. CA will make you pay that sales tax. Plus if its known the vehicle was in CA and not registered for 2 years they can charge you up the wazoo. I was late 3 days and they charged me 100 bucks.

Like some have said, make him register it in CA then go to the bank and pay the bank and get the title. Otherwise find another truck. There are plenty this one can't be that awesome.
  Reply With Quote
Old 01-03-2013, 09:24 PM   #37
Backdoor Commentator
DoorDing is one of the sharper tools in the shedDoorDing is one of the sharper tools in the shedDoorDing is one of the sharper tools in the shedDoorDing is one of the sharper tools in the shedDoorDing is one of the sharper tools in the shedDoorDing is one of the sharper tools in the shedDoorDing is one of the sharper tools in the shedDoorDing is one of the sharper tools in the shedDoorDing is one of the sharper tools in the shedDoorDing is one of the sharper tools in the shedDoorDing is one of the sharper tools in the shed
 
DoorDing's Avatar
Joined: Sep 2012, #86445
Age: 2
Gender: Male
Posts: 17,072
DoorDing's Tacoma Gallery
Quote:
Originally Posted by bareefer View Post
SORRY I THOUGHT LIEN WAS THE SAME AS LOAN. HE HAS A LOAN ONLY DOES THAT MAKE A DIFFERENCE

THANKS IN ADVANCE
Yes, if there's a loan on the truck, there's almost certainly a lien on it. A lien is in place to make sure that whatever comes of the truck, the lender/creditor/etc. has a claim on it until they're paid off. The lien keeps a guy from Oregon from selling a truck with a loan on it to a guy in California and pocketing all of the money. Once Mr. Oregon pays off that loan, the lien is released, and the truck will have a clear title.

I don't know the exact language CA uses, but there could be a tax lien against the truck, and other fees associated with it (sales tax, title transfer fees, state inspection fees, etc.). Like I said, unless the seller has a clear title and current CA registration, don't bother with this truck.
  Reply With Quote
Old 01-03-2013, 10:08 PM   #38
Never take the bait
Jasmine is one of the sharper tools in the shedJasmine is one of the sharper tools in the shedJasmine is one of the sharper tools in the shedJasmine is one of the sharper tools in the shedJasmine is one of the sharper tools in the shedJasmine is one of the sharper tools in the shedJasmine is one of the sharper tools in the shedJasmine is one of the sharper tools in the shedJasmine is one of the sharper tools in the shedJasmine is one of the sharper tools in the shedJasmine is one of the sharper tools in the shed
 
Jasmine's Avatar
Joined: Dec 2011, #68304
Gender: Chick
Posts: 6,115
Jasmine's Tacoma Gallery
Also, you'll want to make sure the truck isn't 49 state legal and that's the reason he never registered it here.
  Reply With Quote
Old 01-03-2013, 10:19 PM   #39
Senior Member
Rich91710 is one of the sharper tools in the shedRich91710 is one of the sharper tools in the shedRich91710 is one of the sharper tools in the shedRich91710 is one of the sharper tools in the shedRich91710 is one of the sharper tools in the shedRich91710 is one of the sharper tools in the shedRich91710 is one of the sharper tools in the shedRich91710 is one of the sharper tools in the shedRich91710 is one of the sharper tools in the shedRich91710 is one of the sharper tools in the shedRich91710 is one of the sharper tools in the shed
 
Rich91710's Avatar
Name: Rich
Joined: Feb 2012, #73470
Location: Los Angeles
Gender: Male
Posts: 16,537
Rich91710's Tacoma Gallery
Quote:
Originally Posted by Jasmine View Post
Also, you'll want to make sure the truck isn't 49 state legal and that's the reason he never registered it here.
2007 and over 7500 miles covers that.
All California cares about now is that it has all of it's Federal equipment and passes Fed standards.



And their money.


No registration, no smog.
No smog, no title.

Seller will likely try to get the buyer to take care of smog.
Don't do it. I've been fucked HARD accepting that responsibility.
  Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
**Buying a Car without a Title Question** alexmxman185 General Automotive 7 12-17-2011 01:35 PM
Buying something with a lien on it? Uncharted General Automotive 1 09-03-2011 11:14 AM
buying a car from NC, I live in VA. Does the title need to be notorized? baseballfan5566 Off-Topic Discussion 0 07-30-2011 07:55 PM
Question about selling my car/buying my truck. TacomaPrime Off-Topic Discussion 1 06-01-2011 12:04 PM


Copyright © 2014 Tacoma Forum. Tacoma World is not owned by, or affiliated with Toyota Motor Corporation.