title transfer. how long did it take?

svt to 370z · 05-28-2011, 10:31 AM

Ok so I own and 00 svt contour. love the car. Its getting old so last thursday I found an 09 370 base w/sports pack 6mt for 23g, STEAL. 378 miles on it. I purchased it last thursday the 19th. I still do not have the car. Th owner still owed money on it so the bank has the title and its taking super long for them to realease it. The owner already got a letter that says his loan has been payed off but the title bereau will not release it yet. Has anyone elese had this problem and how long did it take? im getting frustrated!!

bradz · 05-28-2011, 12:06 PM

you paid 23k without the car and title?

007MI6 · 05-28-2011, 12:38 PM

+1 Risky business there.

I've made transactions like this before. If it was a local bank we all went to the nearest branch and had the transaction at the bank, and the title was transferred to me along with the car at that time.

When I sold my SRT6 Crossfire, the buyer had to fly in from Virginia, so we did all of the funding at my local Chase and he drove the car home. Signed BOS and other legal paperwork protected us that the transactions had been made. The title had to be mailed to me first from Chase, so I could sign it, then I mailed it to the new buyer. But the bank was basically the middle man.

007MI6 · 05-28-2011, 12:47 PM

But to answer your question title transfers for me have taken anywhere from two weeks to almost three months, and that was from a dealer. But once the vehicle is paid off and all liens payed, it should be released. Do you know who has the title? They should release the title to the "previous" owner immediately, to be signed over to you.

Remember of course I am in Texas, so these are Texas situations.

svt to 370z · 05-29-2011, 10:52 AM

the hold up is just the bank releasing the title its b.s. Horrible system. the title is lectronic so litterally all that has to be done is some lazy a$$ just has to click a box on the computer to release so teh title bereau can print it out. lazy world we live in.

05-28-2011, 10:31 AM	#1 (permalink)
svt to 370z Base Member Join Date: May 2011 Location: berea,oh Posts: 139 Drives: 09 red 370z 6mt Rep Power: 14	title transfer. how long did it take? Ok so I own and 00 svt contour. love the car. Its getting old so last thursday I found an 09 370 base w/sports pack 6mt for 23g, STEAL. 378 miles on it. I purchased it last thursday the 19th. I still do not have the car. Th owner still owed money on it so the bank has the title and its taking super long for them to realease it. The owner already got a letter that says his loan has been payed off but the title bereau will not release it yet. Has anyone elese had this problem and how long did it take? im getting frustrated!!

05-28-2011, 12:06 PM	#2 (permalink)
bradz Enthusiast Member Join Date: Jul 2009 Location: Pinellas County Florida Posts: 348 Drives: 09' 370z MB 6spd Rep Power: 16	you paid 23k without the car and title? Last edited by bradz; 05-28-2011 at 12:12 PM.

05-28-2011, 12:38 PM	#3 (permalink)
007MI6 Track Member Join Date: May 2011 Location: Corpus Christi, TX Age: 45 Posts: 703 Drives: Audrey Rep Power: 15	+1 Risky business there. I've made transactions like this before. If it was a local bank we all went to the nearest branch and had the transaction at the bank, and the title was transferred to me along with the car at that time. When I sold my SRT6 Crossfire, the buyer had to fly in from Virginia, so we did all of the funding at my local Chase and he drove the car home. Signed BOS and other legal paperwork protected us that the transactions had been made. The title had to be mailed to me first from Chase, so I could sign it, then I mailed it to the new buyer. But the bank was basically the middle man. __________________ 2011 370Z Touring+Sport Coupe BLK Int\|\|M6\|\|Navigation\|\|Illuminated Door Sills\|\|GoMiniGo LPB Last edited by 007MI6; 05-28-2011 at 12:41 PM.

05-28-2011, 12:47 PM	#4 (permalink)
007MI6 Track Member Join Date: May 2011 Location: Corpus Christi, TX Age: 45 Posts: 703 Drives: Audrey Rep Power: 15	But to answer your question title transfers for me have taken anywhere from two weeks to almost three months, and that was from a dealer. But once the vehicle is paid off and all liens payed, it should be released. Do you know who has the title? They should release the title to the "previous" owner immediately, to be signed over to you. Remember of course I am in Texas, so these are Texas situations. __________________ 2011 370Z Touring+Sport Coupe BLK Int\|\|M6\|\|Navigation\|\|Illuminated Door Sills\|\|GoMiniGo LPB

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05-29-2011, 10:52 AM	#5 (permalink)
svt to 370z Base Member Join Date: May 2011 Location: berea,oh Posts: 139 Drives: 09 red 370z 6mt Rep Power: 14	the hold up is just the bank releasing the title its b.s. Horrible system. the title is lectronic so litterally all that has to be done is some lazy a$$ just has to click a box on the computer to release so teh title bereau can print it out. lazy world we live in.