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Best Posts in Thread: Used car paperwork question

  1. SpringYellow

    SpringYellow DI Member

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    A wife that doesn't like expensive stuff and likes normal and decent stuff is the best girl for me.
     
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    SpringYellow, 15 Des 2020
    #13
  2. mattchu5150

    mattchu5150 DI Member

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    If you can’t touch the original CR/OR, don’t touch the car “period”. Even if it comes through you may have unpaid penalties and so fourth you’d be responsible for.

    As the saying goes, if it’s too good to be true, it probably is.

    Safety first
     
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    mattchu5150, 14 Nov 2020
    #11
  3. Rye83

    Rye83 with pastrami Admin Secured Account Highly Rated Poster SC Connoisseur Veteran Army

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    I wouldn't touch a vehicle with an "open" registration like that. So many ways you can get screwed, especially since it is a repo. I would cancel your money transfer asap if possible.
     
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    Rye83, 13 Nov 2020
    #6
  4. OzeMike

    OzeMike DI Forum Adept

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    Get him to transfer into his name first before any purchase.
     
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    OzeMike, 13 Nov 2020
    #5
  5. Philpots

    Philpots DI Senior Member Restricted Account

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    My guess is he is going to scam you. The P50,000 you hold will be given up by him and you will be left with a car that will hard to register. Simply agree to purchase when has has the car properly registered to him and you go through the proper transfer process. Until then start looking for a properly registered vehicle.
     
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    Philpots, 13 Nov 2020
    #3
  6. Happy Camper

    Happy Camper DI Senior Member Restricted Account Infamous Showcase Reviewer

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    And remember what happened after Undoy many years ago. Lots of used cars showed up in the Visayas and Mindanao, looking good and clean. Then the problems began and when the titles were examined it was found out that many came from Marikina and were previously underwater.

    Not saying that is going to happen again, but.
     
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    Happy Camper, 14 Nov 2020
    #10
  7. okiebound

    okiebound DI Forum Adept Showcase Reviewer

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    Agree with everyone else, do not purchase a car or home without a clean title or you will have nothing but regrets.
     
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    okiebound, 13 Nov 2020
    #9
  8. Always a Poppy

    Always a Poppy DI Senior Member Restricted Account

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    If you decide to press ahead and let him arrange the paperwork, you must make sure that there's a document included from the original loan company stating that their interest in the vehicle and financial arrangement is ended.
     
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    Always a Poppy, 13 Nov 2020
    #7
  9. camote

    camote DI Junior Member

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    Don't buy a problem, let the seller first solve his paper work. Why you should be the one!
     
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    camote, 13 Nov 2020
    #4