power of attorney ?
 

So i looked at this c6 for sale. But a lady is selling it on behalf of her aunt. She said she had power of attorney and she will sign the title over to me after taking money. My question is
1. Anyone has experience buying car from power of attorney?
2. Is it possible tht she is trying to keep car money to herself and not give it to her aunt
3. ANY complications in future from buying a car this way?

If she has power of attorney, it's the aunt's problem if she doesn't get the money. However people with POA are usually trusted, so I wouldn't worry about it. She can legally sell you the car.

She sould be willing to provide you with a copy of the power of attorney. It should be properly signed and notarized.

power of attorney ... no
 

I don't think she needs a power of attorney. what she does need is her name as lienholder. or some paper work that says she is part owner of the car. you can always write the check to the name of the lienholder (her aunt). that way 'auntie' will get the money and figure how much her niece will receive for her efforts. this also prevents her from reneging, if auntie says no. she must also forge her aunt's name on the sellers line, which would also imply fraud if she does renege on the deal. you can always get you money back. but be aware that the car may only be in her possession, not in her name. people are not bad, but .... you never know. I'm always pessimistic. lastly, drive the car and make sure you give it a good going over before you agree to any thing. good luck with your deal

Not only get a copy of the power of attorney that specifies she has full financial authority, but get the transfer (money and title) done at a bank and notarized. You don't want any snags when you apply for registration/license.

Thanks for your reply. What does bmv need in order to transfer title into my name after i buy the car? Just the title?

She told me to meet her at bank as the title is on bank safe. I am more concerned about bmv and title transfer. I dont know how title transfer and registration works when you buy car from power of attorney.
. Is it better to ask her to meet at bmv?

In NC the title has to be notarized when the seller and buyer do the deal. It is a PITA.

I suggest if you are doing the deal in the bank, just have one of the bank notaries sign and stamp the title.
You could also have a deputy there to run the Vin to make sure the car is legally OK, not stolen.

Lien holder? What can a lien holder do in such a transaction other than sign off to remove the lien.

Their are two things you want right with this transaction.
1) That the car is good. Presumably you've checked it out.
2) That the title gets properly transferred to you.

To ensure number 2 is done, meeting at the BMV would be preferable to meeting at the bank. That way, the person at the BMV will confirm the power of attorney meets their requirements. I wouldn't sweat the power of attorney too much, they're more common than many people think. Here are a few links for Indiana:
Limited power of attorney form from Indiana BMV
Buying and selling a vehicle

I bought a car from a guy with power of attorney for his son. Not a big deal. The DMV required the original sealed power of attorney letter to transfer the title though. They don't keep it, just need to see it.

I would verify the phone number for the aunt, and then call the aunt to be sure the PoA is legit.

If the aunt is too busy/lazy/senile to discuss this with you, there could be complications after your money is long gone.

What kind of complications can happen after i have vehicle title transfered to my name?

Possibly a claim by aunt or some other entity (other relative, some claimant) that the asset should not have been sold. Therefore, whoever now holds the title may not have clear title. That's why it is customary to do the deal at a financial institution but imo, doing it at a DMV in this case due to a POA will/may clear the air more.

you are very naïve if you are asking this question - I would suggest you stay away from this transaction...find another vehicle where the owner himself/herself is selling the car:cheers:

WHAT could possibly go wrong??? :rofl:

She may/maybe not have a legitimate POA, but who gets the money? The money should go to the name on the title, not the POA, unless they have written authority.

Lien-holder doesn't come into play, unless there is one. Then lien has to be satisfied first, and be able to prove it.

You could be giving, yes GIVING the car back to the real owner and trying, yes TRYING to get your money back.

A lot more information is needed before a intelligent answer can be given.


Everyone thinks that everyone will cooperate until you find there is fraud involved, and then watch things back up and everything go sideways except for your money.

You can never be too careful.

Maybe I am underthinking this but...if the transaction is done at the bank and she has a bank approved POA, then I say go for it! Let the bank be a party. Why is it, when a transaction is a little wonky, everyone assumes fraud.
Just sayin...

the bank will not become a party to the transaction...as to fraud, people commit it for $50 transactions all day long

The bank is irrelevant. They are not going to transfer the title. The agency that matters is the BMV, they are the one who will decide if the POA is acceptable or not.

Really? Been to a couple of those signings and, if the documents pass the bank's muster, everything is good...