want to purchase a vehicle but owner still owes money on car loan.

Asked by Bill_williams1 Aug 23, 2020 at 12:58 PM about the 2014 Toyota Tundra SR5 CrewMax 5.7L 4WD

Question type: General

want to purchase a truck owner still owes money on it.  He lives in new jersey
and i live in pa.  how long does this type of transaction take?

2 Answers
41,330

TDolby answered 4 years ago

Most auto loan lenders have an office somewhere. Maybe you can meet in the office to transfer the money and that way the lender will have your information to send you the title. Have the seller look into it.

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157,865

James answered 4 years ago

Exactly, this way the lender gets the money and you get the title. Unless you know the seller don't trust them to pay off the vehicle with your money and send you the title! Hope that helps! Jim

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