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Ebay

Discussion in 'Model S' started by irvineboy, Feb 13, 2016.

  1. irvineboy

    irvineboy Member

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    Feb 9, 2015
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    Location:
    Irvine, CA
    Any advice from buying a car long distance on ebay? The seller has a lien on the car and buyer needs a loan. How have others done this?
     
  2. Ampster

    Ampster Member

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    Assume the loan or use an escrow to hold title while paying off old loan and seller with new loan and new buyer money.
     
  3. Quantum`

    Quantum` Member

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    Seattle, WA
    Careful though, you can not sue someone in another state. (lack of personal jurisdiction)
     
  4. rxlawdude

    rxlawdude Member

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    If controversy involves a transaction worth more than $75,000, federal court is an option. :)
     
  5. irvineboy

    irvineboy Member

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    Seller says everything is done through his broker. I have never done this before and not sure why it goes through a "broker". Ebay has escrow.com but I dont think that handles title transfers, etc. Is this a red flag?
     
  6. Ampster

    Ampster Member

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    It is a red flag to me, unless the broker is also an independent fiduciary. Escrow.com says it handles motor vehicles. That implies that it handles titles since proof of ownership on a motor vehicle is the title documents issues by the state where the car is registered.
     
  7. Kandiru

    Kandiru Member

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