Re: [DML] Re: Drive the dream?

[Chris Murley <qumefox@xxxxxxxxx>]

biojerm wrote:
> on a side note, the car had been sitting on blocks from first
> owner..someone purchased it, then drove it from florida to texas, then
> had someone put a lean on it, and then that person is going to sell it
> to me. it has had a fuel pump replaced with aftermarket which i read
> can cause engine fuel starvation, and I read somewhere that the
> transmission computer can cause it to not shift from 1st to
> 2nd...<shrug> that correct?
>
>
Um. If the title has a lien on it be very weary. If your buying it from
the lien holder(usually a bank or other financial institution) then
thats one thing, and they're selling it to pay off the lien. Basically
it means someone got a loan, offering the car as collateral, then
defaulted on the loan and the car's getting sold to cover the loss.
HOWEVER. If your not dealing with whoever actually put the lien on the
title, then you'll most likely find that on top of paying 7k for the
car, YOU will be responsible for paying off the remainder of the lien or
the car will be repossessed. Never buy a car that has an uncanceled lien
on the title. If the seller claims they're going to use the money to pay
off the lien themselves, don't trust them. Generally they'll just keep
the money, after all, they sold the car to you. They no longer care if
it gets repossessed or not.  Sure doing this would reflect badly on
their credit. But if they had good credit to begin with, they most
likely wouldn't have had to offer the car as collateral for a loan.

--
Chris
VIN# 3209
http://badger.brazi.net/index.pl/delorean






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