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re: Loan for private vehicle purchase?
Posted on 3/11/15 at 11:19 am to SomeGuyFromLA
Posted on 3/11/15 at 11:19 am to SomeGuyFromLA
Is he willing to float the loan?
Ordinarily, the seller who is financing gets a lien on the vehicle, which is noted on the title, and holds the title.
You would sign a note and a security agreement of some sort, which the seller would record.
But this is really more of the seller's problem than yours, right?
Ordinarily, the seller who is financing gets a lien on the vehicle, which is noted on the title, and holds the title.
You would sign a note and a security agreement of some sort, which the seller would record.
But this is really more of the seller's problem than yours, right?
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