rckau Posted 30October, 2009 Report Share Posted 30October, 2009 I'm about to purchase a Turbo that is located in QLD, The car has Finance owing and the owner wants me to payout the finance company so I can have a clear title, but the finance company wont issues a clear title until 5 business days has passed. I really need some help here, so if anyone out there can give me some guidance or help that would be greatly appreciated. Link to comment Share on other sites More sharing options...
Carrera 3.2 Posted 1November, 2009 Report Share Posted 1November, 2009 Buying a car from Queensland is easy just fly up their its only 199 for a flight and cars are cheaper there ! then bring it back and get a road worthy and transfer it into your name its as easy as that Link to comment Share on other sites More sharing options...
rckau Posted 1November, 2009 Author Report Share Posted 1November, 2009 Thanks for the reply. Thats a bit hard as I need to pay out his lease so I can obtain a clear title which takes 5 business days to receive. And if i pay him which is almost $300k and the finance company down here in 5 days goes belly up I loose the car and money. And the person selling the car decides to leave this news to the very end, that the car is under lease. So what am I to do, as he is saying he cant borrow funds from another source to payout the lease so I have a clear title before handing over the bank cheque and there is no real way of protecting myself against the finance company if they were going to do a runner. What would you do. Link to comment Share on other sites More sharing options...
D-banger Posted 2November, 2009 Report Share Posted 2November, 2009 Wow...for that sort of money its not worth taking any risks. Sounds like you need Expert advice. Sorry I can't help. Link to comment Share on other sites More sharing options...
Carrera 3.2 Posted 3November, 2009 Report Share Posted 3November, 2009 Thanks for the reply. Thats a bit hard as I need to pay out his lease so I can obtain a clear title which takes 5 business days to receive. And if i pay him which is almost $300k and the finance company down here in 5 days goes belly up I loose the car and money. And the person selling the car decides to leave this news to the very end, that the car is under lease. So what am I to do, as he is saying he cant borrow funds from another source to payout the lease so I have a clear title before handing over the bank cheque and there is no real way of protecting myself against the finance company if they were going to do a runner. What would you do. Link to comment Share on other sites More sharing options...
Carrera 3.2 Posted 3November, 2009 Report Share Posted 3November, 2009 What kind of turbo is it and what year Link to comment Share on other sites More sharing options...
Carrera 3.2 Posted 4November, 2009 Report Share Posted 4November, 2009 what you can also do is take over the lease payment and pay LESS for the car Link to comment Share on other sites More sharing options...
DS911 Posted 29November, 2009 Report Share Posted 29November, 2009 I'm about to purchase a Turbo that is located in QLD, The car has Finance owing and the owner wants me to payout the finance company so I can have a clear title, but the finance company wont issues a clear title until 5 business days has passed. I really need some help here, so if anyone out there can give me some guidance or help that would be greatly appreciated. Hi, If you are still trying to do this transaction I may be able to help. My job is to organise finance so I know how it works. It is quite common for the purchaser of a privately sold vehicle to be concerned about the timing of payout/clear title. We've done it a few times and never had an issue. If you are interested let me know. If you know the finance company I might be able to assist with the payout to give you some surity. Darren Link to comment Share on other sites More sharing options...
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