So I thought I got a deal....
Last year I bought a GTR with a blown engine off a guy,
I spent the winter Building it, to sell in the spring. So I did not transfer the ownership.
The car has been appraised at $24,000
I took it to a dealership, to sell it on consignment.
They told me there was a lien of $9000 on the car..WTF...
I understand that if the guy chooses not to pay.. the car can be possessed.........
So far the guy has been paying his bills..and he told me to call him if I had trouble with the ownership last year.
I called him and left him a message. hopefully he will pay his finance off with a line of credit.
Lesson learned Always check for Liens.
Any suggestions
Last year I bought a GTR with a blown engine off a guy,
I spent the winter Building it, to sell in the spring. So I did not transfer the ownership.
The car has been appraised at $24,000
I took it to a dealership, to sell it on consignment.
They told me there was a lien of $9000 on the car..WTF...
I understand that if the guy chooses not to pay.. the car can be possessed.........
So far the guy has been paying his bills..and he told me to call him if I had trouble with the ownership last year.
I called him and left him a message. hopefully he will pay his finance off with a line of credit.
Lesson learned Always check for Liens.
Any suggestions
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