Buying a car from a private party that still has a lien on it?

I've done it without any problems.

The only thing I would suggest is writing up a purchase agreement BEFORE giving them the check. Technically even if you are standing with the seller at the bank they could run for it and you would have nothing tying you to the vehicle. I'm sure that's rare but I like having something in writing that a deal was done.

 

^^^ agreed. if they are a stand up guy, and you are as well, all parties involved could go and get a notarized sale agreement for sureness involved in title transfers and whatnot. would help for sure to keep everyones mind at ease while all the loose ends are still in the wind.

 

I sold a vehicle with a lien on it once. But I met the buyer at the bank who held the lien. We did the sale right then and there with the bank. I got my cash, handed it to the bank, and left. He stuck around with the bank to do paperwork so he could get his title.

That's the only way to do it if there's a lien.

 

Ok thanks guys for all the Input