pj123 Posted April 11 Share Posted April 11 I am looking at a used car that the owner has under finance. My understanding is that they would use my money to pay off the finance contract in order to get the Blue Book to transfer ownership. Has anyone gone through this process? Link to comment Share on other sites More sharing options...
Will B Good Posted April 11 Share Posted April 11 Commenting out of total ignorance........I would run a mile..... Link to comment Share on other sites More sharing options...
brianthainess Posted April 11 Share Posted April 11 Who has the Blue book? if it is a bank then you could go to the bank together. 1 Link to comment Share on other sites More sharing options...
worgeordie Posted April 11 Share Posted April 11 Do you know the person , and trust them 100 % , as it could all go wrong, they are so many 2nd hand cars around without problems in buying .... regards Worgeordie 1 Link to comment Share on other sites More sharing options...
jvs Posted April 11 Share Posted April 11 3 minutes ago, brianthainess said: Who has the Blue book? if it is a bank then you could go to the bank together. Yes this. Go to the financier together and find out how far the payments are behind. Talk to the financier,that is who owns the vehicle. Normally you can pay for the car,receive the book and get it in your name. If you do not know the person,be very careful. 1 Link to comment Share on other sites More sharing options...
SAFETY FIRST Posted April 11 Share Posted April 11 (edited) 19 minutes ago, pj123 said: My understanding is that they would use my money to pay off the finance You can pay off his finance with your money but why would you do that? You need to go to the DLT, they will transfer ownership, once the car blue book is in your name then hand over the money, take keys and drive away. Don't forget to say goodbye. 👋 Edited April 11 by SAFETY FIRST Link to comment Share on other sites More sharing options...
pj123 Posted April 11 Author Share Posted April 11 Brianthainess is correct. The finance company has the Blue book. Link to comment Share on other sites More sharing options...
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