Quote:
Originally Posted by ken0042
I think the point was to make absolutely sure the loan payment is going to this car that is being purchased. Seeing as they aren't going to the actual "bank" where the loan is from, it wouldn't be hard to have a payment go towards a different loan.
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That too. To be clear, I don’t have any reasons to believe that the seller is a scammer. I’ve been to their house to test drive and they look like a nice young family. But… they said they leaving Canada for a couple of years and I don’t need any hassles with going after their lender if there are any issues.