Private Seller - Financing
Hi there! Looking for any information or advice on financing when purchasing from a private seller. Would love recommendations of companies to go with and any other information anyone could provide. T...
Forum Discussion
We bought from a private seller. A 6 month old truck & trailer together.
It was a little complicated since I am not a US citizen nor do I have a US address.
I had a USD check cut from an investment house I deal with through a Bermuda broker. Took that check in company with the seller to his local bank where we all sat down with his banker.
The banker opened an escrow account. Check went in. Bank took balance of sellers loan out. Bank transferred the balance to sellers acct. Bank gave us the title. Escrow acct closed. The whole transaction took less than 15 minutes.
Everybody happy. No sales tax paperwork to deal with since truck & trailer are owned by a LLC outside of state of sale.
It was a little complicated since I am not a US citizen nor do I have a US address.
I had a USD check cut from an investment house I deal with through a Bermuda broker. Took that check in company with the seller to his local bank where we all sat down with his banker.
The banker opened an escrow account. Check went in. Bank took balance of sellers loan out. Bank transferred the balance to sellers acct. Bank gave us the title. Escrow acct closed. The whole transaction took less than 15 minutes.
Everybody happy. No sales tax paperwork to deal with since truck & trailer are owned by a LLC outside of state of sale.
