Quote:
Originally Posted by thispecialk
Do bank release the title on the spot
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2 checks:
1 to the bank for the pay-off, 1 to the guy for the balance.
Do the transaction at the bank if possible.
Bank may or may not have the title on hand.
If it's a lease (you seem confused) then you must go through the leasing company. The guy does not own the car and will not have a title..
If the seller is "upside down" IE owes more on the car than it's selling for, then he needs to come up with the difference between selling price and payoff.