I am interested in buying a car that hasn't been paid off, the seller says that the remaining balance is $600, he says he is short on money and cannot pay it off.

Is there anyway for me to confirm that the remaining balance is really $600 not $8000?

 

You could go to the bank/place of lien with the seller and have them give it to you in writing...

 

When you buy the car he pays the lien off with the money you give him. Just like at a car dealership.

 

yeah you need to get it in writing what the balance is, then write two checks - one for the lien balance (made out to the lender) and the remainder to the seller.

 

He is SUPPOSE to pay off the lien with the money you gave him. I know people who have given checks to people with liens, then two months later the bank that holds the title of the car will come reposses the vehicle because the seller didnt pay off the loan.

 

Thanks guys for the input, I decided to not to pursue that. Financial institution was in a different city and when I called them previous day I was told that they will only tell to the owner and no one else. There should have been a little bit more secure procedure for this kind of transactions.