Overthinking an out of state purchase: looking for advice
08-16-2018, 02:11 PM
#41
Melting Slicks
30 days of automatic insurance coverage is just about the norm every where I have ever lived...
Buy a new car on a Friday night and your insurance agency isnt open until Monday? How do you insure the car? You provide proof of your current insurance and the dealer lets you take the car home. I CANT BELIEVE New York would be any different...
Buy a new car on a Friday night and your insurance agency isnt open until Monday? How do you insure the car? You provide proof of your current insurance and the dealer lets you take the car home. I CANT BELIEVE New York would be any different...
08-16-2018, 10:33 PM
#48
Le Mans Master
08-16-2018, 11:17 PM
#49
Team Owner
I wanted to pick the brains of those who have done out of state private purchases of their cars and how that went. First time private purchase opportunity and out of state no less...I'm in Florida and I've got a Vette I'm looking at in Georgia over the weekend. Guy seems nice enough from the phone conversation and the price is better than expected if the car checks out. That part isn't the issue more than the hoops to jump through getting this process completed. Here's what I've been pondering:
1) The owner stated the title is still under lien with the bank he used to finance the purchase. Once I have the funds, it's a matter of a trip to his bank to pay off the loan. An area I was confused by would be the DMV is not open during the weekend, and the weekend is the only time I can get away from work to go. Would the bank most likely have the title in their possession to turn over to the owner who then signs over to me? Also, the owner is saying "cash only" as he was honest over the phone saying he doesn't know me and anyone can bring a fake cashier check for the amount. Well, that's a two way street when it comes to these kinds of transactions...I don't know him either. I'm still leaning towards the cashier check route because 1) it can be tracked, replaced if lost or stolen...cash cannot be 2) We can make the trip to his bank and cash it since a cashier check is guaranteed cash. Let me know how you dealt with cash only requests. Even if no one knows I have it on my possession, I don't feel comfortable having thousands of dollars of cash on hand..
1) The owner stated the title is still under lien with the bank he used to finance the purchase. Once I have the funds, it's a matter of a trip to his bank to pay off the loan. An area I was confused by would be the DMV is not open during the weekend, and the weekend is the only time I can get away from work to go. Would the bank most likely have the title in their possession to turn over to the owner who then signs over to me? Also, the owner is saying "cash only" as he was honest over the phone saying he doesn't know me and anyone can bring a fake cashier check for the amount. Well, that's a two way street when it comes to these kinds of transactions...I don't know him either. I'm still leaning towards the cashier check route because 1) it can be tracked, replaced if lost or stolen...cash cannot be 2) We can make the trip to his bank and cash it since a cashier check is guaranteed cash. Let me know how you dealt with cash only requests. Even if no one knows I have it on my possession, I don't feel comfortable having thousands of dollars of cash on hand..
Here is how I deal with cash only requests. NFW would I give you a dollar before I verified that the title is clean so if you can only make it on a weekend, pass. I want to check lien holder status just BEFORE money changes hands. In fact, we meet at the DMV and we check it together.
08-16-2018, 11:18 PM
#50
Team Owner
The difference here is that you don't pre-buy your insurance and then produce the document as proof. I go to the plate issuers, produce bill of sale, pay my money and they issue a plate. NOW I am insured when I have the plate in my hand - not before. Any additional coverage is purchased subsequent to obtaining plates.
08-16-2018, 11:20 PM
#51
Team Owner
We have had crooked cops before so one who knows the law is even worse since they know the loopholes.
08-17-2018, 07:06 PM
#52
Le Mans Master
Member Since: Oct 2004
Location: Everett WA
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As I mentioned the rules are different in different states. Here in Washington the plate does indeed stay with the vehicle. The plate does not reflect ownership of the vehicle nor does it reflect insurance coverage. In our state the registration indicates ownership and a seperate insurance ID card indicates proof of insurance. Here the actual title for the car has a half page perforated attachment that the seller must detach and send in to the DOL within 5 business days of the sale. They don't want the plate.
Here when you get stopped by a LEO they generally ask for 3 things: 1) your driver license 2) a copy of the vehicles' registration 3) a 2" x 3" insurance card that indicates that you not only have insurance but that the coverage is current. Here we get new insurance ID cards every 6 months.
I've lived in Connecticut, New York, New Jersey and Pennsylvania prior to moving to Washington 20 years ago. The rules are a little different in many places
Last edited by Mr. Peabody; 08-17-2018 at 07:16 PM.
08-17-2018, 09:47 PM
#54
Team Owner
Hope he doesn't get screwed up the butt would be my hope. Give you money and the title is not clean and HOPE you will go pay it off and give me the papers? Sorry, I'm not that desperate and stupid to believe in supposed cops or people in general. Guy supposedly doesn't trust the OP enough to take any risk so why is the OP wanting the car so bad he will take risks?
08-18-2018, 09:57 PM
#55
Le Mans Master
Thread Starter
Little follow up as I'm crashing in Georgia overnight and heading back to Florida tomorrow. The owner of the car was super easy to talk to. Car is a white 91 ZR-1 with dual tops and a corsa exhaust system. He also has a Haibeck chip in and from what he told me keeps the secondaries open all the time. The wheels are natural finish factory A molds with the deep lug rear wheels. Engine looked great for the mileage, no leaks. We took the car out with owner driving first. He wasn't shy about ripping it up to about 6,000 rpm and through the Corsa exhaust this thing sounds fantastic. I hopped in the driver seat and drove like a grandma compared to him (not my car yet) and it felt good. Car needs a little work and not in a bad way at all. I did not want to leave the car.
I left him a cash deposit so he knows I'm not a tire kicker and we worked out a time next weekend to meet at a bank near him in GA to get him the cash and it's to his bank to get the title. At that point I'm having the car shipped to me in an enclosed transport and he's perfectly fine with it staying there until transporter comes to get it. Tires are okay to putz around on where I live for a bit but I don't trust them on a four hour trip when I have to drive through several bands of rain storms. They'll definitely need to be replaced soon. So in a few weeks the car should be in the garage.
I left him a cash deposit so he knows I'm not a tire kicker and we worked out a time next weekend to meet at a bank near him in GA to get him the cash and it's to his bank to get the title. At that point I'm having the car shipped to me in an enclosed transport and he's perfectly fine with it staying there until transporter comes to get it. Tires are okay to putz around on where I live for a bit but I don't trust them on a four hour trip when I have to drive through several bands of rain storms. They'll definitely need to be replaced soon. So in a few weeks the car should be in the garage.
08-18-2018, 11:24 PM
#58
Team Owner
08-18-2018, 11:59 PM
#60
Le Mans Master
Thread Starter
Considering I've wanted one for over 20 years, I should be saying grandma driving is just fine. But there will be some high rpm shifts for the exhaust note. Not a quite car with the Corsas on there.
Thanks! Full on celebration happens when it's being unloaded into the garage. Long couple of weeks coming up.
Thanks! Full on celebration happens when it's being unloaded into the garage. Long couple of weeks coming up.
