Safe to buy a car with a lien on it?
 

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?

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

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

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?

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

It worked out for me.

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.

sounds like a good plan.

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

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

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.

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