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Seller failed to disclose a lien...

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YOUR RESEARCHSeller failed to disclose a lien...

Leading reported evidence

Replace with a pioneer double-din unit and was prepared

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Replaced with a Pioneer double-DIN unit and was prepared to replace the speakers.

Seller failed to disclose a lien...
Frequently discussed work

Check (s) out too

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Suggestion

The only difference the presence of a lien makes is who the Buyer makes the check(s) out too.

Seller failed to disclose a lien...
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Leading evidence: 'Replace with a pioneer double-din unit and was prepared' (no explicit attributable resolution; this is a reported action or suggestion). Across 1 matching discussions, The most frequently discussed action is 'Check (s) out too' (1 discussions). For that action, 0 discussions report a resolution and 0 report an unsuccessful attempt. No action has an explicit, attributable resolution report under the current rules. These are forum reports and suggestions, not a confirmed diagnosis.

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Replace with aftermarket

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Oh, and the cherry on top is no disclosure of equipment replaced with aftermarket.

Seller failed to disclose a lien...

Use installation kit

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Performed · outcome unconfirmed

I used the installation kit from EuroMotorSpeed on eBay which also worked perfectly and included all the parts needed.

Seller failed to disclose a lien...

Use trailer

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Performed · outcome unconfirmed

Of course KK bought a slightly used trailer after doing a thorough PPI.

Seller failed to disclose a lien...

Check (s) out too

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Suggestion

The only difference the presence of a lien makes is who the Buyer makes the check(s) out too.

Seller failed to disclose a lien...
Frequently discussed actions (10)

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Check (s) out too

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Suggestion

The only difference the presence of a lien makes is who the Buyer makes the check(s) out too.

Seller failed to disclose a lien...

Check certified funds, and do the transaction at the bank

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Suggestion

You can come in with a check for certified funds, and do the transaction at the bank.

Seller failed to disclose a lien...

Check directly

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Suggestion

That lien can be paid off by writing a check directly to the bank for the amount owed.

Seller failed to disclose a lien...

Check entire sale amount

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Suggestion

Step 3: Your finance company will either send a check for the entire sale amount to the lien holder to pay off the lien.

Seller failed to disclose a lien...

Check rather than making the buyer wait

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Suggestion

I assume that in YOUR situation if you were hypothetically selling YOUR car you would be happy to use your $30k in the bank to pay it off, get the title and then cash the buyer's check rather than making the buyer wait for the title.

Seller failed to disclose a lien...

Clean example of a full disclosed, rennlister car

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Suggestion

Sneaky Pete has another clean example of a full disclosed, Rennlister car.

Seller failed to disclose a lien...

Recommend starting a thread titled "what is the best oil

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Suggestion

To guarantee this award, I recommend starting a thread titled "What is the best oil for a 996" followed by "Do you think the headlights of the 996 really look like a fried egg?"

Seller failed to disclose a lien...

Replace bearings, rewired the lights

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Suggestion

have you repacked/replaced the bearings, rewired the lights, replaced the deck to a hardwood and upgraded the leaf srpings on this yet?

Seller failed to disclose a lien...

Replace deck

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Suggestion

have you repacked/replaced the bearings, rewired the lights, replaced the deck to a hardwood and upgraded the leaf srpings on this yet?

Seller failed to disclose a lien...

Replace head unit

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Suggestion

What was totally surprising was how much better the stereo was just by replacing the head unit.

Seller failed to disclose a lien...
Coverage and how to read this overview

Counts describe captured discussions, not unique people or a diagnosis. Author identities are not reliably stored. Exact duplicate evidence is counted once across matching discussions; one discussion counts at most once per action/state. Multiple repairs reported together remain a combination. Suggestions and failed attempts do not establish a fix. Matches cover whole discussions and can include related faults, model variants and incomplete threads.

158 eligible posts · 0 unverified posts · 1 discussions match the subject in their title or opening post.

  • Rennlist: 1 discussions

0 evidence records excluded for query context · 0 excluded by outcome qualification · 0 adjusted by outcome qualification.

2 acknowledgements have no verified action link; they do not establish a repair result.

Outcome without a verified action link

The seller states the lien is still not paid.

No unique explicit quoted action; no causal link assigned

Generation: 20261026T113718Z · outcome-qualification-6. Deterministic extraction; no AI model inference. How we use sources

POST 1 / ORIGINAL POSTEROriginal post

Sooo.... I am buying a 996 in Minnesota (I am in Florida) from a private seller. The plan was: 1. I receive the title in the mail. 2. Car shipper picks up the car, and at same time I wire the funds to seller. I have received the title, but now see there is a lien holder on the title (this was never disclosed by the seller). If I transfer the funds to seller, what guarantee do I have that he will pay off the lien? Any advice?

POST 2Original post

Contact lien holder and ask if it has been released.

POST 3 / ORIGINAL POSTEROriginal post

Lien holder refuses to even state if there IS a lien to anyone other than the lien holder.

POST 4Original post

Have you confirmed with the seller that the lien still exists? Until the lien is paid, the car isn't the sellers to sell. If the loan has been repaid, even if the title hasn't been updated, the seller should have the notification from the lender that the loan has been fulfulled. Seller can also call lender and authorize you to discuss the account with the lender, at which point you can call the lender and ask about the status of that account number.

POST 5Original post

Quotes source post: 11638664

Seller can contact lien holder and add you as an account contact - but it sounds like you haven't yet consulted the seller? Do that first.

POST 6Original post

Not all states require the lender to provide the borrower with a new title at the end of the loan period. This may just be a case of the seller being too cheap/lazy/busy to go to DMV and request an updated title.

POST 7 / ORIGINAL POSTEROriginal post

The seller states the lien is still not paid. Seller planned on using the funds I transferred to him to pay off the lien - but what guarantee do I have of that?

POST 8Original post

I think you can figure out what to do from here.

POST 9Original post

*hint* I wouldn't send money to someone to buy a car they don't own. What happens if he wrecks the car on the way to the credit union? Or there's a special on hookers & blow?

POST 10 / ORIGINAL POSTEROriginal post

Well that is my dilemma. Any solutions? Fly up there, take and we drive the car together to the bank, and I pay off the lien in person with the seller? I'd say that failing to disclose a lien is a MAJOR failure to disclose a pertinent fact.

POST 11Original post

Quotes source post: 11638689

You run some serious risk if you move forward as is. At least in my state what you have is a worthless piece of paper. Even being potentially ripped off aside, it is probably going to be a pain for you to get a clear title from the originating state when you can't be there in person. It will take time to clear up and until it's done you might not be able to register the car in your state. I'd send this title back and tell him you'd still be happy to continue the transaction when he can provide a clean title.

POST 12Original post

Can you trust anything else he said? I would send back the title after receiving back any deposit I'd made.

POST 13Original post

Quotes source post: 11638689

Here are the questions I would ask: 1. How much do you trust the seller given that he didn't disclose the lien prior. 2. How much is the lien amount. If it is insignificant you can pay the lien holder directly and prearrange with the seller that the release goes to you. 3. You can request that the car be held by a 3rd party during this transaction period; possibly the shop that did the PPI and that there is a mutal agreement that the car will be released to you once the funds are sent. 4. Reference. Does the shop owner know the seller; long time customer? Try and conduct some due diligence prior to sending funds; FB, LinkedIn. 5. If in the end you feel uncomfortable, walk away from the deal.

POST 14 / ORIGINAL POSTEROriginal post

That's a good point. What if the seller takes forever to get a new title sent to me? And, he is moving out of Minnesota to Arizona now for a job transfer... so he may not even be in Minnesota in person.

POST 15Original post

Quotes source post: 11638715

This shouldn't be that hard. He should be able to just pay off the Lein with personal funds and get a clean title to allow you to move forward. You could alternatively meet at a dealership and pay them a few dollars to pass it trough them and let them deal with the paperwork. Another alternative is to have him contact the bank and see where the title is stored and how long it will take post payoff to get the title. If same day just deal with everything when you go get the car.

POST 16 / ORIGINAL POSTEROriginal post

Well I did my due diligence. The seller's LinkedIn profile matches up with his company email address, which he has been emailing me from. The shop which did PPI (Courtney) is familiar with the seller. I just don't understand how someone would fail to mention there is a lien on the title, in 2 or 3 weeks of back and forth emails, calls, etc.

POST 17 / ORIGINAL POSTEROriginal post

I'm not sure the seller has the funds available to pay off the lien... (we agreed on a price of $17k, so I assume the balance of the lien is less than that...)

POST 18 / ORIGINAL POSTEROriginal post

Another thing which bothers me... the pictures the seller had posted in the ad online were from 2 years ago, when he bought the car from a dealer. I didn't see "current" pictures until after a fellow Rennlister saw the car, and mentioned the original porsche PCM had been removed. Seller never mentioned he put a new stereo, amp, speakers, etc, in the car until I asked about it.

POST 19Original post

Have the car held by a third party. It will be held until both the seller and buyer inform the holder that the release can proceed. Third party gets all the keys and (non-released) title. Verify that the seller has a policy to cover all perils while the car is stored. Get on a conference call with the seller and the lien holder. Have the seller authorize you as a party allowed to work with the lien holder. Get a payoff quote from the lien holder. Send them the payoff. Get a lien release in exchange. Deduct the payoff from the sales price. Give that to the seller in exchange for their release by the person holding the car. Take all the paperwork to your local DMV. There may be hoops to jump through there.

POST 20Original post

Walk away. He doesn't own the car, so cannot sell it to you. The right car will come along. Don't force it

POST 21Original post

I'd walk - too many moving parts and risk of you being left with a documentation nitemare.

POST 22Original post

Or go to a lawyer at sellers exspence, you give lawyer money, lawyer pays dept and rest to seller, you get professional documention. Or ask your insurance agent, this is common as not everyone owns an exotic car outright. Like buying a house, your money pays off the sellers Morgage and your new Morgage or your cash pays for the house.

POST 23Original post

Quotes source post: 11638783

You keep mentioning things that the seller wasn't forth coming about. I'd walk away from it at this point. I know you really like the car and it seems to be good (based on the PPI), but what else are you going to find out about later? The guy is either dishonest or a scatter brain and I wouldn't trust anything he says at this point.

POST 24 / ORIGINAL POSTEROriginal post

I cannot imagine that the seller will be willing to pay for an attorney, since he apparently did not have the money to pay off the lien and was counting on my money to pay off the lien. The other big issue, as some of you noted, is that it may take weeks for a new "clear" title to be issued. And it would likely be sent to the seller. Considering how unresponsive he has been in the last 3 weeks, I cannot imagine he will be quick to manage the process of a new title, etc. What bothers me the most is that he never disclosed a lien on the car - and had the car listed on 2 ebay auctions and a cars.com ad as having a "clear" title.

POST 26Original post

MBA; I would have given him the benefit of a doubt about the lien, I would call him and conference the bank/c.u to verify how much and how long approx a lien release will take, then request to pay the lien until you have the car in your possession and wire the balance to him (or do half now, half later, type of thing) ...however if he's been posting photos of the car from 2 years ago and didn't disclose the PCM, I'd walk. That is a pretty big deal in my book (as I HATE aftermarket stereos) and would be upset to buy one without knowing it was aftermarket before hand...but if he "for got to mention that" as well, he is either somewhat shady, or too scattered to buy a car from...just my .02. I'm sure the car is fine, but the seller is part of the purchase.

POST 27Original post

Yikes! That is shady...personally I would walk. There is a bit of decorum when it comes to a purchase like this. If you do put the nix on the deal I hope you won't have a hard time getting your deposit back.....and I hope the seller still has it to give back.

POST 28Original post

If I really wanted the car, I would pay a layer to notarize a letter that specifies that the seller will pay the loan with your money & send you the title after he gets it. Take the car with you and wait for the title in the mail. It might take a few weeks.

POST 29 / ORIGINAL POSTEROriginal post

Seller does have the original PCM, CD Nav, and Amp, which will be included with the car, thankfully. I don't like aftermarket either. Balance on lien is approx $9,500 per seller. The lien holder is his credit union. I spoke to a manager at the credit union today about it, he said they would issue the "lien release card" immediately. Just need to see if maybe I wire the lien balance to the CU, and the balance to the seller? Also - seller is willing to have my car carrier take possession of the car, and then I wire the funds. I would just feel alot more comfortable wiring the balance of the lien to the CU, instead of to him. From what I can tell (talking to Rennlister that met the seller when he went to visit the car, the seller's job position, demeanor on phone, and comments by the mechanic - Courtney - the seller seems legit). He is just in the middle of relocating corss country for work, and I think selling the car is the least of his concerns.

POST 30Original post

Quotes source post: 11638998

Still a potential nightmare with the car registered in state A, buyer in state B and seller moving to state C. Good luck getting it figured out if the seller is as flaky as he's been. Not gonna happen without some major expenditure on YOUR part. If nothing else, every time you look at the car you'll be annoyed and you can't even register and insure it without the title. Walk away. The fact that the car is financed already makes it shaky IMO, it's a FIFTEEN-year old car, right? I know not everyone has the cash to buy one outright but if the seller was financing this and still does not have it paid off from whenever he bought it, I'm guessing he was skimping on other stuff as well, no matter what the PPI says. I know, he could be totally fine, but there are plenty of these cars out there. Make the seller work for the sale, not you. Oh, and the cherry on top is no disclosure of equipment replaced with aftermarket. Forget it, it's not worth the aggravation. Get the deposit back and move on. Call your bank now and cancel the check or Paypal or whatever you used. EDIT - OK, I just saw your post from a minute before mine, that would make me a bit more comfortable I suppose. Still not a slam dunk though.

POST 31 / ORIGINAL POSTEROriginal post

Of note: I do not have a deposit on the car. I offered to paypal the seller $1k or so as a deposit, but he said it was not necessary. My only outlay so far is the $120 on the PPI. I really do like the car... has factory Aero kit, LSD, full leather, and a unique color. And, other than the lien being paid off, there seem to be no issues on it...

POST 32Original post

Quotes source post: 11639065

I disagree but I know thats your opinion only.. You dont know the person's priority and you dont know his situation. I rather have a payment of $350-$400 / month and have $30k in the bank as backup funds in case I loose my job, than $0 in the bank and a full paid car. Imagine if you loose your job, the bank will take your house in no time. I pay my car monthly and do all the maintenance like the book.

POST 33Original post

You and the local RLister are the best judge of the seller's character etc. After speaking with the CU and verifying some things as you did, I wouldn't hesitate to proceed as specified below. Pay the CU directly. Have a Bill of Sale specifying who you paid what, what should happen with the title, etc. Be sure you include all of the seller's obligations in the Bill of Sale. Then make it happen.

POST 34Original post

Quotes source post: 11638786

Another vote for this. If you really like the car and want to proceed, escrow is a good idea.

POST 35Original post

Yeah, this isn't hard. You don't release the funds to the seller, you release the lien amount to the CU and the balance to the seller. It's not like this is the first car in the history of the world to be sold with a loan balance outstanding.

POST 36Original post

Bottom line is you have zero guarantee that he will pay off the loan. My guess is that "probably" he will, and he needs the money from the sale to do so. Depends on your risk tolerance. If he flakes, you are screwed.

POST 37Original post

Quotes source post: 11639091

I hear you and I did add the Edit after I saw the additional info and am not trying to get into any kind of pissing match, hard to convey that via post :-) . I got the initial impression that A) the guy was already flaky in regard to returning calls and B) was not telling buyers that the Audio was replaced and C) did not mention that he had a loan that needed to be paid off. I assume that in YOUR situation if you were hypothetically selling YOUR car you would be happy to use your $30k in the bank to pay it off, get the title and then cash the buyer's check rather than making the buyer wait for the title. My money would not be leaving my pocket if the keys did not come with a signed title attached to it. This seller apparently does not have $9500 available to pay off the loan. Worst case if I were him I would take a cash advance on my credit card to get the title released. I get that selling the car may not be the guy's priority but either you want to sell or you don't. A buyer is going to hope that you make it a priority, after all, you're the one who advertised it for sale.

POST 39Original post

Quotes source post: 11639118

This^^^ Depending on the State (whether lien holder or title holder) there will also be a lag between the loan being paid off and the Buyer receiving a clear title they can register with their DMV. If every used car sales transaction required the loan to be paid off in advance there would be a heck of a lot fewer used car sales.

POST 40Original post

- Seller fails to disclose key pieces of the sale - Old pics were used in his sales ad - Wasnt too accurate about the audio -PPI done by the same place he serviced the car, let alone a business name with the word "Trucking" in it. Even if you get the title straightened out, I'm not sure how much of a risk you want to take with any hidden or other undisclosed issues. Just don't come crying here in a few months if something goes wrong. Good Luck!

POST 41Original post

Lots of good cars out there...I am with Alp and Javier on this... but RUN away don't walk away from this.

POST 42Original post

Ultimately, you have a better vantage point and can make a better judgment call than a bunch of dudes on the interweb. Keep us posted on which way you decide to go and how it works out.

POST 43Original post

I've done this before in a long distance transaction. Get the bank to act as the third party. Are you flying in to collect the car? You can come in with a check for certified funds, and do the transaction at the bank. They refund the difference to the seller and sign off on the title. They even have notaries right there... Long distance is a little more complex, but process is the same. Have the bank handle the logistics.

POST 44Original post

As DT said above, If you really like the car, paying the CU lien to release the title makes sense and is done everyday. The 996 I bought last year had a CU lien. The seller and I went down to the CU, I paid the whole amount which cleared the lien and put the balance of funds in the sellers account. The only difference which might be a bit complicated is that you reside in a different state than the car and seller are in. Perhaps call the selling state's DMV and find out how the process of title transfer goes in your situation. As far as the seller not disclosing things, you should determine for yourself if that's a deal killer regardless of the opinions of us Rennlisters.

POST 45Original post

This whole would be transaction stinks, run! Sounds like a desperate buyer meets a desperate seller. Don't be that guy. He should have mentioned very early on as soon as you expressed serious interest that he does not own the car. (Wholly) And there is a lien that needs to be satisfied before the car can be sold. If you were still interested, he should be willing to work with you and have a bank/CU or escrow service step in and work out the terms so all parties are protected.

POST 46Original post

Quotes source post: 11639091

My concern would be the non disclosure of changes made to the car, old pictures and if the seller can't come up with $9,500 to payoff the car has it been appropriately maintained? Not that 10k is a small amount of money but it should be something the seller takes care of without your check.

POST 47Original post

There hasnt been a clearer case of a perfect time to walk away.... Purely as an example, C-list boston has a posting for an aero (post id: 4650141562) for $17k. (No affiliation). Owner has a looooong disclosure list and actual pics of the car. Start over and wait until it feels right. IMHO the issue here is not that the car has a lien like DT and other have said (btw, cant stop thinking about that red targa.....) its the fact that you have had to find stuff by chance. Which obviously begs to ask what else dont you know? Sneaky Pete has another clean example of a full disclosed, Rennlister car. With the money you save on initial maintenance to bring the car up to speed, you can increase the $17k and be closer to Sneaky's price point. For me its all about how peacefully you will be able to sleep at night. Just my $.02

POST 48Original post

DTMiller, Gonzo, Coffeehead and Spokayman are correct. The lien isn't that big of a deal. Just be sure to coordinate with the credit union to ensure they issue a lien release. You don't get a new title when you pay off a lien, you get a lien release. Please make sure the lien release is notarized though because some states do require a lien release to be notarized even if the state that issued the current title does not. I think that to be safe, you should pay the credit union at least the loan payoff balance. You could also pay the credit union the full purchase price and let them refund any overpayment to the seller.

POST 49Original post

I would run away to many fish in the sea. He should have told you upfront period.

POST 50Original post

Perhaps you need more opinions to make a firm decision

POST 52Original post

Quotes source post: 11639328

People here sound like they've never purchased a car before.... Having a lien is absolutely no issue, just make sure you write one check to the bank that holds to the lien and then the remainder of the agreed price to the seller. That way you're completely covered and there's no reason to act like an idiot ("OMG RUN HE'LL TAKE YOUR MONEYS") When you go register the car, you'll have a lien release letter from the bank along with the title, so there will be no delay. The only way you'll run into the lag issue you mentioned is if you actually have the seller pay off the car before selling it to you (which btw is asinine and can't believe people are suggesting that in the first place*). You're strictly better off writing a check to the credit union and balance to the seller than the payoff nonsense. *As the seller, I would most certainly decline to do that in the first place. If the buyer flakes, you now have large amount of liquid capital tied up in it. F dat.

POST 53Original post

First off, there are more 996's out there. So I wouldn't get hooked on one. Second. We buy and sell homes all the time that we don't own. We still have a mortgage on a home and sell it anyway. During closing the bank is paid off. Same is said for an auto. That lien can be paid off by writing a check directly to the bank for the amount owed. The balance of the agreed price goes to the seller on a separate check. The lien is released and the seller is paid what profit is left. Even if the lien is paid prior to sale, the title can still show a lien, but it better come with a lien release letter from the bank stating that the loan was paid. The owner can order a new title for a fee when the loan is paid showing no lien. I always pay to have a new title printed once the lien is removed. Keeps things simple if I sell. Buying a car when the two parties are not sitting face to face has its issues. Besides the car not being seen, the paperwork and funds transfer can cause a lot of anxiety... Especially from private parties. At least with a dealer you know where to find them in case you have to make the trip to beat someone's butt. Lol. I would only be comfortable buying sight unseen from a dealer or broker. If I really wanted a car I would make the trip myself or enlist someone to do the deal for me.

POST 54Original post

This car purchase is quite the soap opera. Just buy it or walk away. Nothing will go perfectly, sometimes you just have to make a gut decision.

POST 55 / ORIGINAL POSTEROriginal post

I didn't expect quite such an outpouring of opinions...

POST 56Original post

This is a situation that I have been in recently. I live in MA and purchased a car in NY where the bank will issue a title to the vehicle's owner with a notice of a lien. In MA in order to register the car I needed the title AND a letter from the previous owner's bank verifying the payoff.

POST 57 / ORIGINAL POSTEROriginal post

Where in Mass? I lived in boston for 18 years... just moved 2 years ago.

POST 58Original post

FWIW - When I purchased my car long distance, I saw that there was a lien on the car the day before I was flying in to pick it up. I contacted the seller and he told me that it was paid off 8 years ago. He contacted the lien holder and they faxed him a letter saying they released the lien I called the lien holder and confirmed there was no balance owing. He was the original owner and had owned the car for 10 years, so it seemed logical he would have paid it off, and it was just a clerical mistake. I had no problem at all registering the car etc.

POST 59Original post

Quotes source post: 11640310

This ain't nothing. Just wait til you get your car and start asking oil, brake pad, IXX, smoke, leak, orange cap mod, Porsche approved tire and blinker fluid, etc. questions. That's when you'll feel the wrath of Rennlist.

POST 60Original post

You may want to see if there is a lawyer that would be willing to manage the transaction on your behalf.

POST 61Original post

Not disclosing a lien would be a cautionary flag to me about who you are dealing with.

POST 62Original post

Quotes source post: 11641371

Exactly Steve........if the lien was brought up during the negotiation than no big deal. Like others have said purchasing a car with a lien is done all the time. The issue is not about the lien but honesty.

POST 63Original post

Quotes source post: 11641389

And remember, that bit of advice brought to you by a man named "Sneaky"! Seriously, to all of you guys lurking in this forum and thinking about buying a 996 (I did that myself for 2 years during my search), do yourself a favor and buy Pete's car. Sometimes the answer is so obvious . . . I'll bet if you made Pete a reasonable offer, he'd take it. And, you'd never regret buying (and driving) that car.

POST 64Original post

Quotes source post: 11641474

Appreciate this and from others! You can lead a horse to....I forget how that goes.

POST 65Original post

I'm curious what "title" you received. The lien holder should have the original title and the document you received should be clearly marked as a "non-negotiable" title. Correct??? If you have an original "negotiable" title it seems odd to me. Can you tell us what the "title" reads? JHC!!! Just by SP's car and be done with it.

POST 66Original post

Judging from these responses, the process of buying and selling cars must vary by state. I wouldn't care less if the seller has a lien on the car or not. No big deal. Other than the issues brought up by the OP with the seller's disclosure (the history and condition of the car) the lien is irrelevant (unless of course he failed to mention the lien at all). The only difference the presence of a lien makes is who the Buyer makes the check(s) out too. Assuming all due diligence is done (PPI, RennFax...whatever) and you and the Seller have agreed on a price, proceed as follows if there is a lien on the vehicle. Step 1: If you are also financing the car, let your finance company know who the current lien holder of the vehicle is. They will contact the lien holder, obtain the payoff amount and simply request you complete a Bill of Sale (usually available from your DMV website). Step 2: You and the seller complete the Bill of Sale and send a copy to both finance companies. Step 3: Your finance company will either send a check for the entire sale amount to the lien holder to pay off the lien. The lien holder will then issue a check to the seller for the difference, or, the finance company will issue 2 checks...one to the lien holder for the payoff, and the other directly to the seller. Depends on the finance company's policies. If you are NOT using financing to purchase the car, but are paying cash... Step 1: Have the Seller give their lien holder permission to give you information on the account. Contact the lien holder to get the current payoff amount. Step 2: YOU decide if you want to issue 2 checks (as noted above) or one check to the lien holder and let them send any remaining money to the Seller. Depends on how nice the Seller was during negotiations Step 3: Depending on the State...if you live in a State where the lien holder maintains the title to the car, they will send the Seller of the car a clear title to the car (with no liens showing), 7-10 days after the payoff is made. In the meantime, the new owner should be able to use a copy of the Bill of Sale to transport the car (varies by State). Once the Seller receives the clear Title, they complete the transfer info on the back, notarize their signature, and send the Title to the new owner. If you live in a State where you keep the title, but there is a lien noted on the title, the lien holder will issue the Seller a lien release at payoff. This is usually just a simple letter or certificate. The Seller should give that to the Buyer along with the title (with all the transfer info completed on the back) and the new owner will use both the title and lien release to register the car in their name. Note...most States will require the Bill of Sale and the transfer information on the back of the Title to be notarized.

POST 67Original post

Never ceases to amaze me what buyers will do when they get emotionally attached to a car during a prospective purchase. 1. You should have asked for a picture of the title front and back before the transaction took place. 2. I get that people want to finance because rates are so low right now but to still hold a lien when selling the car sends a different message. All IMHO of course. What do I know?

POST 68Original post

Yep, I bought a car hauler trailer (pre-requisite for Porsche ownership) for 1.3% interest. I couldn't pass up financing it.

POST 70Original post

Quotes source post: 11641566

I'm considering this. What did you buy?

POST 71Original post

Quotes source post: 11641566

The point in my statement resides in the second part of the sentence as it relates to this thread.

POST 72Original post

As I recall, in Maine, the lien holder holds the title until the lien is satisfied, from my experience.

POST 73Original post

Quotes source post: 11641573

Of course KK bought a slightly used trailer after doing a thorough PPI. He then proceeded to change out the shocks, wheels, tires, hitch, lighting harness, bulbs and lug nuts. He then sold his 996 C4S so he had room to keep the trailer in his garage...just in case it rained.

POST 74Original post

Quotes source post: 11641700

LMAO... Its not better than new

POST 75Original post

You guys are walking all over the joke setup. Dammit.

POST 76Original post

Lol, its actually new. I had a 3 or 4 car wedge 53' long (with slide outs) that was no longer practical. Replaced it with this really nice P&P low profile car hauler. Perfect for cars and pickups or blown IMSB's. Only problem is that everyone want s to borrow it. Epic thread hijack going on.

POST 77Original post

Quotes source post: 11641757

Porsches do melt in the rain in addition to not being mechanically reliable so KK should sell his "new" trailer because it's not enclosed. KK can just make "vroom..vroom" noises. KK should have bought a Ferrari so there is no expectation in ever starting the thing.

POST 78Original post

Hah, I'm way ahead of you. I think its a car I could enjoy not driving,,,,,

POST 79 / ORIGINAL POSTEROriginal post

That trailer needs an Aero kit...

POST 80Original post

I actually have my long term target on a dedicated track car and am formulating the plan as acquire trailer for track days with current car then leverage existence of trailer into excuse to buy car to be converted into track car or existing track prepped car. Hi jack!

POST 81Original post

Quotes source post: 11641826

I have looked at that car online

POST 82Original post

Quotes source post: 11641519

Nah in Michigan at least the lien-holder gets the title first, to verify lien then mail to the owner of the car. But the owner will have the original title at all time and the bank just a copy. The secretary of state (DMV) will not allow transfer without the banks stamped, dated and signed by employee on the original title or letter of payoff with the title.

POST 83Original post

Quotes source post: 11641826

Ironically, the 360 was deemed the first Ferrari to be somewhat reliable to DD.

POST 84Original post

Quotes source post: 11641806

have you repacked/replaced the bearings, rewired the lights, replaced the deck to a hardwood and upgraded the leaf srpings on this yet? has it left your living room?

POST 85Original post

The title I received was the original title. Had I been a NY resident I could just register the vehicle and they could verify the loan payoff at the RMV but in MA its different. I ended up paying for the car and waiting for the seller to pay off the lien. There is a long paper trail involved with buying/selling a car and I wasn't worried about the transaction because there was good communication.

POST 86Original post

Quotes source post: 11640339

Western MA now. I used to live in Boston !

POST 87Original post

After seeing your other thread, I have a better understanding of why you were willing to put up with the seller's antics.

POST 90Original post

Quotes source post: 11642229

No offense to the OP...but you may set a record for "Most Threads Started/Most Pages Generated by Someone Who Has Yet To Buy A 996"! To guarantee this award, I recommend starting a thread titled "What is the best oil for a 996" followed by "Do you think the headlights of the 996 really look like a fried egg?" I'm rooting for you!

POST 91Original post

MB, after weighing everyone's opinion and your gut feeling, what have you decided to do? "Do you think the headlights of the 996 really look like a fried egg?" ....Ha!

POST 92 / ORIGINAL POSTEROriginal post

Hi Moto - pulled the trigger on it. Car is on the transport on its way south to me, money transferred to seller's CU loan account. I'm in law school... worse comes to worse, I sue the seller and attach his assets.

POST 93Original post

I'm a bit late to this party, but I bought a car with a lien (car loan) a few years ago; I brought two checks: one to the lienholder and one to the seller, and we met in the lienholder's office to complete the deal. Worked out well, though it did take the bank an excruciatingly long month to send me the title.

POST 94Original post

Quotes source post: 11642778

Congrats and good luck.

POST 95Original post

Congrats MBA-Sailor! Post up some pics and your initial impressions after you detail it and drive it a bit.

POST 96 / ORIGINAL POSTEROriginal post

Thanks guys! I just don't know what to do first to the car... in terms of mods. Thinking of removing the aftermarket stereo and putting the OEM PCM1 back in.

POST 97Original post

I would make sure you can register your car first with that title before thinking mods. A clear title will take time to be sent to you as there is a process and procedure that follows this fiasco notes from another poster.

POST 98Original post

The OEM radio is a steaming heap, so I'd give the aftermarket one a chance.

POST 99Original post

Quotes source post: 11644080

Yeah, I was scratching my head over why the radio replacement might be a bad thing.

POST 100Original post

Congratulations Sailor Glad everything worked out so far. Look forward to seeing it after it arrives.

POST 101Original post

Quotes source post: 11644499

One of the first things I would do would be to upgrade the audio system, but that said I would look negatively on it already being done. My reasoning is that A) I'm particular so the likelihood that I'd be happy with the system is low and B) I've seen how many people (including installers) destroy the wiring harness and make a general mess of things. I know there are plenty of people as meticulous about their installs as I am, but unless they want to start pulling components and panels so I can see for myself I would have to assume the worst.

POST 102Original post

Quotes source post: 11643856

If you do, you can have my OEM cassette holder and all my metal TDK blank cassettes. I believe there was an Air Supply and Olivia Newton John tapes already in the holder that someone left in as well.

POST 103 / ORIGINAL POSTEROriginal post

Very generous of you Alpine

POST 104Original post

Quotes source post: 11645523

...and don't forget the ABBA tapes. MB, congrats on the purchase and have fun with the car.

POST 106Original post

If this is the same guy with the 99 Areo (Beige-gold) in Mn. beware. I had a long talk with him regarding the car. He contradicted himself twice in ten minutes and was using pictures of the car that were old and from the dealer he bought it from. First rule, make sure long distance transactions are with a person with integrity. Also 19K + for a 99 w/100K is high retail.

POST 107Original post

Quotes source posts: 11645869, 11642778

Not sure if you saw OP's post #92 but deal is closed and car is on its way

POST 108 / ORIGINAL POSTEROriginal post

Joeva... can you email me? [email removed]

POST 110Original post

[Image-only post; no author-written text. Original image references:] https://rennlist.com/forums/images/smilies/popcorn.gif https://rennlist.com/forums/images/smilies/popcorn.gif

POST 111Original post

Quotes source post: 11644499

That's the first thing that goes on all my cars. Anything is better than OEM. The '05 987 had the base stereo option (2 speakers in the dash, 2 in the door, that's it). Replaced with a Pioneer double-DIN unit and was prepared to replace the speakers. Just replacing the head unit made such an improvement we're still using the OEM speakers.

POST 112 / ORIGINAL POSTEROriginal post

Klein... which Pioneer unit? I am a fan of Alpine... how is Pioneer in general?

POST 113 / ORIGINAL POSTEROriginal post

By the way... I emailed Joeva - seems the only two issues were: 1) seller seemed to state something conflicting about the car's history (Joe couldn't recall what... and I pulled a fresh car fax last week - no wrecks, nothing... only 4 owners if I recall (6 I think, but 2 were finance companies, so really 4 I believe). 2) pictures on ad were from 2 years ago from the dealer's "glamour shots" - a little sketchy... but according to a Rennlister who went to see the car for me, and new pictures the seller sent from few weeks ago - I could not see any differences from the dealer pics and new pics (save for new stereo). Hope you enjoyed your popcorn!

POST 114Original post

Enjoy the car, Sailor. When's it due to arrive?

POST 115Original post

Quotes source post: 11647404

Popcorn was good. Glad to hear everything is ok. Enjoy the car when it arrives. I sure have enjoyed mine.

POST 117Original post

Quotes source post: 11647395

It's the AVH-X5500BHS. I looked at Alpine, Pioneer, Sony, and a few others. I read a lot of reviews and tried out a few at a local shop. To me the Pioneer was easier to navigate, had a minimum of ostentatious appearance elements, had a reliable Bluetooth and USB/iDevice interface built in. None of the others seemed to have all of those. To us (my wife as the primary user) usability was primary. What was totally surprising was how much better the stereo was just by replacing the head unit. My wife finds it easy to use and navigate, and the iPhone interface works well for her. I used the installation kit from EuroMotorSpeed on eBay which also worked perfectly and included all the parts needed. The installation looks excellent and colors and finishes match well.

POST 118Original post

I put in a Pioneer system too. For the most part, I like it. But, the volume buttons are WAY to small, and there are too many submenus. It's like the guys designing it didn't even consider at all that it was to be used in a moving vehicle. At least now I can watch movies while on the track. .

POST 120Original post

Great timing on this one just by chance as Porsche announced Palladium Metallic paint in their "Porsche Exclusive" lineup. If the news broke any earlier, the seller might've upped the price. Now you gotta start looking for the "Exclusive" badging for the rear. LOL http://www.porsche.com/usa/accessori...adiummetallic/

POST 121Original post

Only Porsche can pitch "beige" with that much enthusiasm.

POST 122Original post

Quotes source post: 11653676

Hey, that's beige "metallic" to you buddy.

POST 123 / ORIGINAL POSTEROriginal post

Great... now I NEED to buy the Cayenne S in the same matching color or else my 996 will look like a lost sock...

POST 124Original post

Quotes source post: 11653704

You'd be in good company as it seems there are a bunch of us that have Cayennes too. I guess once you have a "not a real Porsche" there is no harm in having more

POST 125 / ORIGINAL POSTEROriginal post

Actually... I've been meaning to ask you guys your thoughts on Cayennes. Thinking of getting one in a few months...

POST 126Original post

Cayennes are like *****... they look nice on other people, but I don't want my own. (yes, boobies.)

POST 127Original post

Quotes source post: 11654288

Why is it that every single RL thread, no matter what the initial topic, if left going long enough, eventually devolves to *****?

POST 128Original post

Quotes source post: 11654283

I've been interested since they first came out, but only finally justified the size price a few years ago and jumped into a diesel. 4 months in I took it through my local chapter's AutoX class and had a blast with it (it is a Porsche, there is no doubt). Go hang out in the Cayenne forum, we're mostly friendly. No IMSB level issues to worry about setting off violent debates

POST 129Original post

Quotes source post: 11654384

Devolves? That word is not the one you want.

POST 130Original post

Quotes source post: 11654385

Hah...I read Gnat's post right after the Boobie comments, so naturally I had Boobies on my mind. I'm still chuckling!

POST 131Original post

Quotes source post: 11654497

That does put my comments into a different light. I don't think my wife would be so be as accepting of me riding some boobies through and AutoX

POST 134Original post

Quotes source post: 11654402

Sure it is: Unless, of course, you are referring to the fact that by the time the threads get to the topic of *****, they are generally more useful than they started out to be, which is often the case here.

POST 136 / ORIGINAL POSTEROriginal post

[Image-only post; no author-written text. Original image references:] https://cimg5.ibsrv.net/gimg/rennlist.com-vbulletin/400x400/inigo_7a854acbb644b6dac24401f820dfae3c7864847c.png

POST 137Original post

I agree. Approximately 97.293% of original topics are generally lower in thought, value, content, and enlightenment than simply posting this: .

POST 138 / ORIGINAL POSTEROriginal post

Damnit I should of never have sold my boat...

POST 139Original post

Quotes source post: 11654384

You should have read your RL TOS. It states that at some point all threads must devolve to *****

POST 140Original post

Did you ever get it? The car not the *****. Pics of either would be OK.

POST 141Original post

Yes KK, he's posted pics.. Have you gone to there forums? Did you find your next Porsche yet?

POST 142Original post

Quotes source post: 11673046

Does anyone else think KK and MBA Sailor were separated at birth?

POST 143 / ORIGINAL POSTEROriginal post

Hmmm why do you say that, Gonzo...?

POST 144Original post

Quotes source post: 11673056

I knew it! You are the same person(s)! KK's original intro posts on RL are very similar to yours. Frequent with a splash of paranoia. Although you pale in comparison to KK. Didn't mean to offend or insinuate anything that will get me sued once you pass the bar

POST 145 / ORIGINAL POSTEROriginal post

LOL... I prefer the term "due diligence" and "proactive" to "paranoia"... but they are both accurate!

POST 146Original post

I honestly did see a connection, very similar posts. Hey, we all do things differently.

POST 147Original post

Hopefully he'll actually enjoy his car and drive it more than the 5 miles of backing in and out of the garage that KK did

POST 148Original post

If KK did start a new account, I can't blame him All the hassling he gets

POST 150Original post

Who said our threads always revert to boobies? I love this place! What are we talking about?

POST 151Original post

Quotes source post: 11673766

Boobies of course

POST 152Original post

Quotes source post: 11673056

Safe to say you do not know Krazy K so pull up his profile and you will see the dozens of threads he started when he was shopping for a 996. Then shortly after he finally bought one, you should also see the subsequent threads he started asking about :....well, I think you get the point.

POST 153Original post

Guess I missed his car pics between the boobies, devolving, and derailing. Where the heck is "there forums"?

POST 154Original post

Quotes source post: 11673868

Just snagged this from the IHI Thread. Clearly there is a high potential for a catastrophic failure due to internal puncture.

POST 155Original post

^^^^^That just shot my day to hell.....I was feeling so productive and company orientated until just now.

POST 158Original post

Quotes source post: 11676574

That's almost a rod coming out of the block!!! Too much NOS. Catastrophic failure indeed!

This is a source reference. Confirm exact model applicability in the original material.