TwinTurbo.NET: Nissan 300ZX forum - The guy you bought it from probably owes money on it...
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Subject The guy you bought it from probably owes money on it...
     
Posted by Viper498 ( MO ) on February 26, 2008 at 2:40 PM
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In Reply To Re: Are you sure it's not stolen? posted by captainsz on February 26, 2008 at 02:15 PM
     
Message This is exactly what happened to me on my Z. I bought my Z from this guy and he didn't give me a title then he disappeared (after promising to give it to me). I ended finding an old insurance card in the car and called the insurance company. They were nice enough to point me in the right direction. Turns out that the guy owed $8000 dollars on this car (and it was an NA!!!). He defaulted on the loan. What he had done was wrecked it, and the insurance company didn't total it, instead they cut him a check for repairs. Instead of paying to get the damage fixed on the car, he just took off with the money.

I ended up settling for $1000 with the company who held the title so I could own the car. I was naive back then, but one thing I learned was NEVER, EVER buy a car with out a title. Good luck to you. I hope this info helps.

Brock

Brock
'90 300zx N/A coupe
Converting to Twin Turbo!

     
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