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.