Best way to transfer funds on private RV sale
Hello, I am thinking of buying a used Class A diesel in another state. The amount is on the order of $140,000. There is a lien on the RV about equal to the sales price. What is the best way to...
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The lien holder either has the title or is the ONLY one that can release the title to the seller to sign it over to you.
Write a contract with the seller, explaining the exact final selling price than contact the lien holder to make arrangements to wire transfer the loan balance funds to the lien holder to release the title.
After the title is released, give the seller his balance and then he will sign the title over to you.
Basically a pretty simple process.
Write a contract with the seller, explaining the exact final selling price than contact the lien holder to make arrangements to wire transfer the loan balance funds to the lien holder to release the title.
After the title is released, give the seller his balance and then he will sign the title over to you.
Basically a pretty simple process.
