Out of state purchase | FerrariChat

Out of state purchase

Discussion in 'North & South Carolina' started by msechrest, Nov 15, 2010.

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  1. msechrest

    msechrest Rookie

    Sep 4, 2010
    24
    Question for those more seasoned than me:

    I am looking at a car in upstate NY. How exactly does the process of transferring an out of state title to NC work? The current owner does have an existing lien. Can I not do the paperwork (and drive the car) until the lien holder processes everything and sends the appropriate release? How long does that usually take?

    Any insight appreciated,
    --MarkS
     
  2. UAS

    UAS Formula 3
    BANNED

    Jul 2, 2008
    1,193
    Glen Cove, NY
    Mark,

    The process in NY is that the owner of the vehicle needs to payoff the lein amount, and he/she will recieve a notoraized and signed lein release letter from the leinholder (bank). Once that is recieved (usually 5-10 days), and the back of the NY title is signed, you are safe to pay/recieve the car. You would then take both the title and lien release letter to your local DMV with a bill of sale. To be safe, I would recommend making sure that you have both of those documents BEFORE you pay for the car in full or take delivery.

    There are 2 ways to drive the car home. One is to drive it with the current owners plate and then mail him the plates after you get home. The other is to have a NY dealer do all the paperwork and give you temporary "Transit" plates to drive the car home. Most dealers would charge some fee to do so.

    Pete
    Universal Autosports
    516-801-8201
    www.universalautosports.com
     
  3. HankCarp

    HankCarp Formula Junior
    Sponsor

    Aug 11, 2006
    591
    Fort Lauderdale, FL
    Full Name:
    Hank Carpenter
    Mark,

    What are you looking at...? If you're in North or South Carolina, maybe I can help. I work for Foreign Cars Italia in Greensboro, NC... Check out our website at:
    www.foreigncarsitalia.com
    Call me at 336-516-3855 (cell)
    Thanks!
    Hank Carpenter
    you can email me at... [email protected]
     

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