[chann3r]

I did some research and I believe my story is a little different.


So the car has a lien on it because he is still financing the car...
The suggested plan is for him and I to go in together to fill pay the car off and then the "lien" will be gone..

Before I go to BMW with him to pay it off I will have the transfer papers filled out and all signatures from him done.

Do you guys think it will be safe?

[quasi]

Just make the payment to BMW and you're good. They'll take what they are owed and give the rest to him.

[chann3r]

okay.. that's the plans we are both going to go in i pay what we said we would agreed on and he would pay the rest.. thing is I called BMW and they said that the "lien" will not come off for a couple of days and it gets sent to him not to me

[speedking]

are you going to finance the car from the bank?

[chann3r]

are you going to finance the car from the bank?

nope the plans is for me and him to go both to BMW to pay it off. We negotiated on a price, he pays his part I pay my part..

Both bank drafts.

Should be okay?

[Ando]

I've done exactly what you've described and it was at a BMW dealer.

It worked out for me.

[Nlkko]

Yes.

Lien papers will come to him, no need to worry about those.

Instead, ask BMW to write you a receipt/note saying the lien payment has been received in full and the lien will be cleared in approximately x days, any issues you should be contacted. Have them sign it. Take the copy with you.

[beproud]

sounds like a good plan.

[FerrariEnzo]

I think, its a good idea to get a copy of everything and anything that needs a signature, especially, yours

[CP.AR]

at a proper dealership with bank drafts I don't see this as being a problem. as ^ said, get a copy of everything before you guys part ways

[white rocket]

As an added precaution, ask BMW to remove their lien with PPSA/BC Online. As mentioned, a licenced and bonded dealer will usually do right by the client but the PPSA(Personal Property Security Act) removal will ensure that the vehicle is yours, free and clear.

[chann3r]

thanks guys. i will be doing the transaction sometime this week!