TwinTurbo.NET: Nissan 300ZX forum - Anyone buy a car from out of state using back loan?
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Subject Anyone buy a car from out of state using back loan?
     
Posted by MikeH(Twin GT35BB Incon Z) on August 28, 2002 at 8:46 PM
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Message Wells Fargo approved me for the loan on the Lexus GS. I wired the owner $1k as ernest money. I get a call an hour later from the loan lady saying that they can't issue a loan because the car is titled in Florida and has to be in Arizona titled. She then suggests I tell the owner that I am approved but to send the title to the bank to get it titled so they can put a lean on it. Yea, like the owner is going to send a title without first getting a check.

She is applying me for a personal loan instead. I get the car then turn that into a car load at a lower rate.
What a hassle. I hope the loan comes through.

     
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