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-   -   Buying a Car: Still Under Lease (https://www.revscene.net/forums/619182-buying-car-still-under-lease.html)

Ruff Ryd@s 07-06-2010 04:45 PM
Buying a Car: Still Under Lease
 
i am looking to buy a car from a 2nd owner ( i will be 3rd).
Seller says he is currently leasing the car through a private company, and will pay out the lease prior to selling it to me.

Is there anything i should be aware of with this type of deal?

Jgresch 07-06-2010 04:48 PM
run a lien check after he says its paid out. Make sure nobody has anything owing on it.

Ruff Ryd@s 07-06-2010 04:51 PM
he says if i purchase the car, there will be an icbc guy with us on that day and will be done at his lease company

where would i get the lein info?

hchang 07-06-2010 04:54 PM
Quote:
Originally Posted by Ruff Ryd@s (Post 7018549)
he says if i purchase the car, there will be an icbc guy with us on that day and will be done at his lease company

where would i get the lein info?
http://www.icbc.com/registration-lic..._a_lien_search

Ruff Ryd@s 07-06-2010 05:13 PM
lein is the only thing that i should be aware of?

FerrariEnzo 07-06-2010 06:02 PM
car issues.. like accidents and what not.. the usual... you dont want to buy a car that has any problems..

do you know a mechanic that can go with you...

i would pay the $10 and do the lein search somewhere else, just to be sure they dont mess with the paperwork!


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