Quote:
Originally Posted by Red
Tim, here's a question I have. I am looking to buy a used car private, but the owner still has a loan on it. I am paying cash, what do I do to make sure that the vehicle is clear of leans when I get it?
I thought making the check payable to the bank that financed it would do, am I correct?
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I would say that it would be your best best ot make the cheque out to the bank. I would also get a letter of release from the bank saying that there are no leins on it. etc.