Considering purchase of car whose title is w/Credit Union
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Joined: Feb 2014
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From: Arizona
2006 Porsche 911, 1973 Datsun 240Z
Considering purchase of car whose title is w/Credit Union
Happy new year all!
Heavily considering the purchase of a car from long distance. Seller's M-B is relatively hard to find and haven't found anything closer to home after several weeks of hunting. Car has a full service history and I'm confident about the car itself.
Title is with his credit union, so here's the scenario. I meet up with him, go to his credit union/bank, we pay off the balance of the loan (it's less than the agreed price for the car), I drive home. But the title comes in the mail from the credit union.
I've never bought a car whose title is with a credit union. Anyone else? I know this is, shall we say unconventional, but does anyone see a problem?
Thanks
Heavily considering the purchase of a car from long distance. Seller's M-B is relatively hard to find and haven't found anything closer to home after several weeks of hunting. Car has a full service history and I'm confident about the car itself.
Title is with his credit union, so here's the scenario. I meet up with him, go to his credit union/bank, we pay off the balance of the loan (it's less than the agreed price for the car), I drive home. But the title comes in the mail from the credit union.
I've never bought a car whose title is with a credit union. Anyone else? I know this is, shall we say unconventional, but does anyone see a problem?
Thanks
