12-18-2014, 12:15 PM
Sully Wrote:Most banks don't have the titles. The way I ended up doing it was to pay the bank for the amount of the loan, pay him the rest of the money, got a notarized power of attorney and the bill of sale was notarized while at the bank to i believe. Then the bank calls their company and says the vehicle is paid for. And then the guy had to call to tell them he wanted it released to dmv instead of being mailed to him. (This was the fastest way to get the title), then I went to the dmv with the power of attorney and got them to print the title.
This is more or less the only way to do it. No bank will ever have a title anymore - its all electronic at the DMV. Put everything in the bill of sale, including payoff amounts, dates, logistics, and get it notarized. If the bank is local and the car/bike is in the same state its fairly easy if you dont mind a little legwork of going between the bank & the DMV.
If its not local, then you do the same deal with everything in the bill of sale, pay for the car and drive it home with a trip permit and wait for the seller to mail you the title.