black00ws6 Posted December 2, 2004 Report Share Posted December 2, 2004 I have a guy coming to look at my car and he just asked for me for my banks phone number so his bank can call to get the payoff amount? Why would they need to know this? Just to make sure the amount I am selling it at will pay it off to get the title? Quote Link to comment Share on other sites More sharing options...
Skinner Posted December 2, 2004 Report Share Posted December 2, 2004 maybe he is wanting to see if your charging more then payoff to make profit. that way he is not "overpaying" for the car. buts its your car and with what is done to it what your asking is a very fair price at least i think so. Quote Link to comment Share on other sites More sharing options...
Alex1647545498 Posted December 2, 2004 Report Share Posted December 2, 2004 Tell him he doesn't need to do that. He can meet you at your bank and he can give the full amount in cashier's check (or whatever form of payment) to the banker. Your banker will then get the buyer's information and either tell the buyer he will be getting the title from them in x amount of days or that his lender will have the title and he will be recieving a memorandum title from that bank. Your banker will then give you the difference of the amount the buyer pays if it's more then the pay off. Either that or he can have two checks ready. One for you and one for the bank. There's also the cash option. Meeting at the bank is good for both you and the buyer IMO. Quote Link to comment Share on other sites More sharing options...
black00ws6 Posted December 2, 2004 Author Report Share Posted December 2, 2004 Originally posted by Mr. 2: Tell him he doesn't need to do that. He can meet you at your bank and he can give the full amount in cashier's check (or whatever form of payment) to the banker. Your banker will then get the buyer's information and either tell the buyer he will be getting the title from them in x amount of days or that his lender will have the title and he will be recieving a memorandum title from that bank. Your banker will then give you the difference of the amount the buyer pays if it's more then the pay off. Either that or he can have two checks ready. One for you and one for the bank. There's also the cash option. Meeting at the bank is good for both you and the buyer IMO. I financed it through capital one... I sold my old C5 that way though and it was a nice smooth transaction. Quote Link to comment Share on other sites More sharing options...
Alex1647545498 Posted December 2, 2004 Report Share Posted December 2, 2004 Oh, I guess you can't do that then. You should contact captial one and they should be able to advise you on the best course of action. Quote Link to comment Share on other sites More sharing options...
OSUGT Posted December 3, 2004 Report Share Posted December 3, 2004 just my .02, No way the guy needs to know your payoff. Quote Link to comment Share on other sites More sharing options...
desperado Posted December 3, 2004 Report Share Posted December 3, 2004 I see this " while were at it, since we already have *** bank on the phone I 'll just have the bank transfer the money. What's your account number?" get you coming and going, take your car and clean out your bank account TOO. Quote Link to comment Share on other sites More sharing options...
Guest powers Posted December 3, 2004 Report Share Posted December 3, 2004 umm even if he has all of your information they will not give him a payodd amount unless he has a signed release waiver from you. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.