[Shotimes] OT - Selling a car

[Paul L Fisher]

I pretty much have my Explorer sold but am having a problem getting an
agreement with the buyer on title/payment transfer.

The vehicle has a lien and the credit union isn't local. The buyer won't
give me the money unless I give him a clear title but the credit union won't
give me the title unless it is paid off.

One obvious solution is to get a loan to pay off the car and then pay off
the loan with the proceeds of the sale. The problem with that is what
happens if the buyer backs out? I would basically be stuck with an unsecured
loan at the higher interest rate.

I have thought of using an escrow service but once again, they get the money
from the buyer, get the title from the seller and then release each to the
other. They would have the title with the lien on it. Within 24 hours, the
credit union will have issued a letter releasing the lien but once again,
the buyer doesn't trust that process.

The other process that won't work is that we meet at the credit union office
and do the transaction. The buyer and myself are in WI and the credit union
is in MO.

Do you guys have any other ideas?

Paul L Fisher
'93 Ford Taurus SHO Crimson Clearcoat ATX 171K Build date 11/18/1992
- K&N Panel filter, Tokico Struts, Eibach Springs, Dynomax cat-back, Holley
190lph fuel pump, FPS rebuilt ATX, 26mm rear sway bar, Performance-Plus
Stainless Steel Y-pipe, '96 brake upgrade, Proportioning valve plugs, Delrin
sub-frame bushings, Amsoil Series 2000 0W-30 oil, Amsoil Synthetic ATF.
'00 Ford Explorer XLT 5.0L V8 AWD Oxford White Clearcoat 41K Build date
11/19/1999
- Amsoil Series 2000 0W-30 oil

SHO Club member http://www.shoclub.com/
Check out my web site http://www.paul-fisher.com/
Amsoil dealer http://www.paul-fisher.com/oil.htm

Get $5 free from Paypal! https://www.paypal.com/refer/pal=P3XEFFBFUFKN6