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buying a car that is still being paid off???

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Old Aug 13, 2006 | 12:08 AM
  #1  
quangdaika's Avatar
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Joined: Jul 2006
Posts: 13
Default buying a car that is still being paid off???

So I just agreed to buy a car for $7K. The car is still being paid off by the seller. She said that she still own $7900. So my question is what prevent the bank from going after me to get the remaining $900? I am in Washington state by the way.

She also said that since I don't have a title, I can sign the Certificate of Registration and after she paid off everything, they will send the title to me.

Thanks.

 
Old Aug 13, 2006 | 01:05 AM
  #2  
AgentofDarkness's Avatar
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Joined: Jan 2005
Posts: 5,180
From: Chicago, Illinois
Default RE: buying a car that is still being paid off???

I hope you trust this person pretty well b/c it sounds like she could screw you over pretty easy. What if you give your the $7000 and she decides she doesn't want to sign the title over to you? I would keep looking, plenty more fish in the sea. No need to run after shady deals.
 
Old Aug 13, 2006 | 01:52 AM
  #3  
Peg_Leg's Avatar
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Joined: Feb 2006
Posts: 11,121
From: Somewhere
Default RE: buying a car that is still being paid off???

^^^^^true i would stay away from this deal
 
Old Aug 13, 2006 | 01:26 PM
  #4  
cyberx32's Avatar
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Default RE: buying a car that is still being paid off???

There are a lot of people in this world that take advantege of innocent people. I would not do it.
 
Old Aug 13, 2006 | 01:33 PM
  #5  
AllForSRT's Avatar
Joined: Mar 2006
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Default RE: buying a car that is still being paid off???

how can she sign the title over when she doesnt own the car? The bank has the title. The car would never be yours unless she pays the additional 900 dollars.
 
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