| Vancouver Auto Chat 2016 VAC Community Head Moderator: Raid3n |
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07-06-2010, 04:45 PM
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#1
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I Will not Admit my Addiction to RS
Join Date: Jan 2002
Location: 604
Posts: 541
Thanked 100 Times in 16 Posts
Failed 21 Times in 6 Posts
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Buying a Car: Still Under Lease
i am looking to buy a car from a 2nd owner ( i will be 3rd).
Seller says he is currently leasing the car through a private company, and will pay out the lease prior to selling it to me.
Is there anything i should be aware of with this type of deal?
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07-06-2010, 04:48 PM
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#2
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Rs has made me the woman i am today!
Join Date: Mar 2010
Location: PM
Posts: 4,476
Thanked 3,349 Times in 843 Posts
Failed 207 Times in 86 Posts
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run a lien check after he says its paid out. Make sure nobody has anything owing on it.
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07-06-2010, 04:51 PM
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#3
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I Will not Admit my Addiction to RS
Join Date: Jan 2002
Location: 604
Posts: 541
Thanked 100 Times in 16 Posts
Failed 21 Times in 6 Posts
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he says if i purchase the car, there will be an icbc guy with us on that day and will be done at his lease company
where would i get the lein info?
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07-06-2010, 04:54 PM
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#4
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I wish I was where I was when I wished I was here
Join Date: Feb 2010
Location: West Coast
Posts: 4,932
Thanked 3,098 Times in 733 Posts
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Quote:
Originally Posted by Ruff Ryd@s
he says if i purchase the car, there will be an icbc guy with us on that day and will be done at his lease company
where would i get the lein info?
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http://www.icbc.com/registration-lic..._a_lien_search
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07-06-2010, 05:13 PM
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#5
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I Will not Admit my Addiction to RS
Join Date: Jan 2002
Location: 604
Posts: 541
Thanked 100 Times in 16 Posts
Failed 21 Times in 6 Posts
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lein is the only thing that i should be aware of?
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07-06-2010, 06:02 PM
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#6
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I answer every Emotion with an emoticon
Join Date: Feb 2005
Location: somewhere
Posts: 7,906
Thanked 2,485 Times in 1,007 Posts
Failed 1,234 Times in 307 Posts
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car issues.. like accidents and what not.. the usual... you dont want to buy a car that has any problems..
do you know a mechanic that can go with you...
i would pay the $10 and do the lein search somewhere else, just to be sure they dont mess with the paperwork!
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