I'm in the process of buying an out-of-state NSX. I will down about 40% of the value of the car; the rest of the amount will be covered through a car loan (which i'm already approved for). My bank (credit union that only has location in california) told me that it needs the owner to physically be at the bank to transfer the title and release money. Also it requires the out-of-state NSX to pass CA smog test before it starts the process of tranferring the title and releasing the money. And the owner and car are in another state, some 1000 miles away. So i have two problems and I would like some advice on how to overcome them.
problem 1: owner needs to be at the bank
problem 2: car needs to pass CA smog test
I was thinking that the best way to solve these problems is by giving the owner a down payment and then (if possible) ship the car back to cali. Once i smog the car, i will have to fly the owner to CA to complete the paper work. Doing all of this with the assumption that the owner is willing to participate.
The whole process is expensive, time consuming and very risky for both parties. I need some advice. please help!!!
-John
problem 1: owner needs to be at the bank
problem 2: car needs to pass CA smog test
I was thinking that the best way to solve these problems is by giving the owner a down payment and then (if possible) ship the car back to cali. Once i smog the car, i will have to fly the owner to CA to complete the paper work. Doing all of this with the assumption that the owner is willing to participate.
The whole process is expensive, time consuming and very risky for both parties. I need some advice. please help!!!
-John