Commanders Post at The Warpath - View Single Post

cpayne5 · 03-06-2008, 11:12 AM

Here's the situation...

I'm buying a used car from an individual. They have a loan. I am getting a loan for their current loan amount. My bank is going to pay off their bank. The car will effectively be mine at that point, but my bank says it could take up to three weeks for them to receive the title from the seller's bank. Does anyone know if I would be able to register the car during that time? Maybe with temp tags? I would have a bill of sale that I could take to the DMV for this purpose. My bank is based in Texas and is not familiar w/ VA DMV procedures.

I'm in Virginia.

Anyone been in this situation before?

03-06-2008, 11:12 AM	#1
cpayne5 Playmaker Join Date: Feb 2004 Posts: 3,807	Any DMV Experts? Here's the situation... I'm buying a used car from an individual. They have a loan. I am getting a loan for their current loan amount. My bank is going to pay off their bank. The car will effectively be mine at that point, but my bank says it could take up to three weeks for them to receive the title from the seller's bank. Does anyone know if I would be able to register the car during that time? Maybe with temp tags? I would have a bill of sale that I could take to the DMV for this purpose. My bank is based in Texas and is not familiar w/ VA DMV procedures. I'm in Virginia. Anyone been in this situation before? __________________ "It's not about what you've done, but what's been done for you."