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#1
10-10-2011, 07:10 PM
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Advice needed on paying for a car
I need some advice. I am thinking of buying a Honda Civic for my daughter and have found a nice one at the right price. It is from a private owner and there is a lien on the car. Should I make the check out to the owner AND Honda Motor Credit, Honda Motor Credit alone or just the owner. I have never bought a car this way before. Thanks for any insight.
__________________
"Life is tough...it's even tougher if you're stupid." John Wayne Dave Pawleys Island, SC '79 300CD 
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#2
10-10-2011, 07:23 PM
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Quote:
__________________
For the Saved, this world is the worst it will ever get. For the unSaved, this world is the best it will ever get.
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#3
10-10-2011, 07:23 PM
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The seller cannot convey title to the vehicle without the release of lien by HMC on the transfer of title. I would contact HMC and find out what their SOP is. They do this on a daily basis and can guide you on how they like it done.
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#4
10-10-2011, 07:50 PM
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Are you paying more, less or exactly what is owed to HMC? You should make a check to HMC for exactly what HMC is owed unless the seller is making up the difference. If the seller is making up the difference, present the checks at the same time and get some assurance that your payment will be refunded if the seller's check doesn't clear. Anything over what is owed should be paid to the seller.
Does the state in which the car is registered have paper titles? Paperless titles are increasingly common with finance companies. Sixto 87 300D
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#5
10-10-2011, 08:23 PM
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Call your MVD and ask what the procedure is. They won't convey title without a lien release from Honda.
__________________
You're a daisy if you do. __________________________________ 84 Euro 240D 4spd. 220.5k sold  04 Honda Element AWD 1985 F150 XLT 4x4, 351W with 270k miles, hay hauler 1997 Suzuki Sidekick 4x4 1993 Toyota 4wd Pickup 226K and counting
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#6
10-10-2011, 08:24 PM
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Thanks for all your help. The owner is going to call Honda tomorrow and see how they do it. We are in SC and Honda is in Pittsburgh.
__________________
"Life is tough...it's even tougher if you're stupid." John Wayne Dave Pawleys Island, SC '79 300CD
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