[das borgen]

not evnough advice here?

http://forums.vwvortex.com/zerothread?id=4662133

[Miami M3]

Originally Posted by wsl

I would contact BMW F and make the payment to them directly. I'd verify the payment you are making covers the entire balance. If not, I would have the owner make any payments to BMW F to reduce the lien total to match your purchase price.

-Scott

if he owes more than the purchase price, tell him to give you the difference - then you pay off the loan with directions to release title to you
also bill of sale, etc.

[Takumi587]

Hmm just to let you know first hand that the BMW 3 series convertible has a problem with it's top. What year is it? My buddies top causes our ears to pound everytime we are on the highway. Worse than the ragtop in my E46 M3.

I say hold your money and look for another 335i. Or save for the new 3 series coming out in 2 years.


IMHO if you really want the car then just keep looking there are TONS of 335i convertibles out there. You could prolly get a better price on one too.

[TheM]

Why not buy a Porsche instead?

[daytonaviolet]

if the seller does not have title in hand, then purchase the car directly from bmw financial. once the money clears, bmw financial will mail the title directly to you. also if your buying the car for more then the balance from bmw financial, then you can pay the seller directly. this way he cant scam you.

[JaTe]

Originally Posted by wsl

I would contact BMW F and make the payment to them directly. I'd verify the payment you are making covers the entire balance. If not, I would have the owner make any payments to BMW F to reduce the lien total to match your purchase price.

-Scott

Agree! I've sold cars this way before. Pay the bank directly.

I would double check to make sure he doesn't already have the title. Maryland is a two part title state...meaning that the owner holds onto the title and a security interest filing is mailed to the bank. When the loan is paid off, the security interest filing is mailed to the owner. Both documents are needed to transfer ownership and register the car.

If the car is leased, then the bank holds onto the title.