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

Discussion in '2nd Gen. Tacomas' started by 707tothe907, Aug 28, 2011.

  1. Aug 28, 2011 at 7:33 PM
    #1
    707tothe907

    707tothe907 [OP] Superior Member

    Joined:
    Oct 28, 2010
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    Jake
    Chico NorCal
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    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.
     
  2. Aug 28, 2011 at 7:39 PM
    #2
    RideFast

    RideFast on the flats.

    Joined:
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    Jesse
    Albuquerque New Mexico
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    T4R
    B&M 70264, 5'' Deck plate, Airaid MIT...
    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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