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  1. #1
    Join Date
    Mar 2009
    Posts
    1

    Default Seller Does Not Have Car Title, Private Sale

    My question involves a consumer law issue in the State of: VA and MD

    Hi,
    I live in MD and the seller is in VA. The seller is selling his car to run his moving company. He needs money because it is slow right now and will pickup between May - October (about $6000 a month). He does not have the title yet and the payment condition for this car:
    $15,000 first payment and $1,000 monthly 3 months till paid off.
    Title deliver after all payments made.

    I am not sure if he will get the title to me by June. What steps do I need to do? or I should avoid this deal.

    Thank you.

  2. #2
    Join Date
    Apr 2008
    Location
    Texas (Dallas area)
    Posts
    1,405

    Default Re: Seller Does Not Have Car Title, Private Sale

    Quote Quoting nhoccon
    View Post
    My question involves a consumer law issue in the State of: VA and MD

    Hi,
    I live in MD and the seller is in VA. The seller is selling his car to run his moving company. He needs money because it is slow right now and will pickup between May - October (about $6000 a month). He does not have the title yet and the payment condition for this car:
    $15,000 first payment and $1,000 monthly 3 months till paid off.
    Title deliver after all payments made.

    I am not sure if he will get the title to me by June. What steps do I need to do? or I should avoid this deal.

    Thank you.

    If I was in your position, I would RUN away from this deal as fast as I can. Go buy a car the right way , this is just setting you up to be scammed.

  3. #3
    Join Date
    Mar 2007
    Posts
    9,080

    Default Re: Seller Does Not Have Car Title, Private Sale

    I give you even money that the car is either being sold without the knowledge of the bank that holds the note or is stolen.

  4. #4
    Join Date
    Apr 2008
    Location
    Texas (Dallas area)
    Posts
    1,405

    Default Re: Seller Does Not Have Car Title, Private Sale

    Quote Quoting cyjeff
    View Post
    I give you even money that the car is either being sold without the knowledge of the bank that holds the note or is stolen.
    Agreed, the seller of the car does NOT own the title, he is using the OP for a loan which he probably will not be able to satisfy in 3 months to the bank.

    Again, RUN from this deal.

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