04-14-2016, 12:10 PM | #1 |
Drives: 2013 Camaro 2SS "Diablo" Join Date: Jan 2016
Location: California
Posts: 135
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Weird financing question
Hey everyone!
I was going to buy a camaro ss and my financing company says they will not do it if thw car is registered out of state. Has anyone ever ran into this? Did you find a way around it? The private party I am buying from says he wont transfer the title to CA. Too much time at the DMV. Thanks. |
04-14-2016, 06:19 PM | #2 |
Account Suspended
Drives: 2010 2SS/RS Join Date: Jun 2009
Location: Texas
Posts: 3,418
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Never heard of that before
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04-14-2016, 08:11 PM | #3 |
Drives: 2015 Red Rock ZL1 Join Date: Dec 2014
Location: Panama City Beach, Florida
Posts: 1,097
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Find a new finance company. It must be a small company.
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Alex
2015 Red Rock ZL1 Panama City Beach, FL |
04-14-2016, 10:38 PM | #4 |
Drives: 2013 Camaro 2SS "Diablo" Join Date: Jan 2016
Location: California
Posts: 135
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Yeah i figured so but they offered me 2.99% which ia hard to pass up.
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04-14-2016, 11:14 PM | #5 |
Drives: 2018 1SS M6 Join Date: Nov 2014
Location: Houston
Posts: 2,617
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So, the owner has the car registered in another state, I take it. The question I guess, is how long have they lived in Ca? Most states require registration transferred within 90 days. If he's been there longer than that, it is not a valid registration, and for a private party sale, I would think this would raise some red flags for a finance company. Heck, it would raise some red flags for me as the buyer. I have learned that any time there is any issue with registration in a private party deal, it's best to just walk away.
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04-15-2016, 07:20 AM | #6 |
Drives: 2011 SS/RS , L99 convertible Join Date: Aug 2015
Location: NE Ohio
Posts: 310
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It is probably because they want the private seller to sign off title in person. My Credit Union required this.
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04-16-2016, 01:20 AM | #7 |
Drives: 2012 2SS/RS Join Date: Oct 2014
Location: U.S.A.
Posts: 1,596
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My credit union said the same thing to me has to be in state. I had to go to a bigger bank to get a car out of state.
Last edited by GetYouOne; 04-16-2016 at 01:34 AM. |
04-17-2016, 07:20 PM | #8 |
Drives: 2013 Camaro 2SS "Diablo" Join Date: Jan 2016
Location: California
Posts: 135
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Yeah I figured as much so just going to walk away from this purchase. I believe hes in military so stationed differently. Oh well. Thanks!
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