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Posted: 11/7/2015 4:49:18 AM EDT
[#1]
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Posted: 11/7/2015 1:05:18 PM EDT
[#2]
Make sure you get the pink slip/title signed off from the seller or bank (if there was a loan on the car) and not just a bill of sale with an "Electronic Lien and Titling" release. NV only accepts the normal pink slip/title. CA will let you turn the "ELT" into a normal title, but you will pay CA sales tax and a fee to do so.
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Posted: 11/7/2015 2:30:13 PM EDT
[#3]
Quote HistoryQuoted:
Make sure you get the pink slip/title signed off from the seller or bank (if there was a loan on the car) and not just a bill of sale with an "Electronic Lien and Titling" release. NV only accepts the normal pink slip/title. CA will let you turn the "ELT" into a normal title, but you will pay CA sales tax and a fee to do so. Ok. What happens if they still owe? I've never tried to buy a car that's still being financed but the ones I am looking at now are new enough I might run into it. |
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Posted: 11/7/2015 2:48:36 PM EDT
[#4]
Quote HistoryQuoted:
Ok. What happens if they still owe? I've never tried to buy a car that's still being financed but the ones I am looking at now are new enough I might run into it. Quote HistoryQuoted:
Quoted:
Make sure you get the pink slip/title signed off from the seller or bank (if there was a loan on the car) and not just a bill of sale with an "Electronic Lien and Titling" release. NV only accepts the normal pink slip/title. CA will let you turn the "ELT" into a normal title, but you will pay CA sales tax and a fee to do so. Ok. What happens if they still owe? I've never tried to buy a car that's still being financed but the ones I am looking at now are new enough I might run into it. Most financial institutions prefer "ELT", but they can still do it the old paper way. It may take them some time to get the actual paper title that you need so don't automatically expect to walk out the bank door with the pink slip/title just because you paid off the loan in cash. If you let them know what you need up front, I'm sure you can get it eventually. |
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