johnLs1camaro

iTrader: (28)

didn't know really where to put this, I am a Indiana resident and I am selling my Camaro. I have somebody interested 4 hours away in the same state. he went to his bank to get a loan and they said they need a sale agreement from me faxed to them before he can get the money(bill of sale)? does this sound right? I know im not sending a title or anything over but I just didn't want to get myself in trouble by filling out a bill of sale. maybe this is normal but thought id ask first before getting in legal trouble.

67Lark

Some banks do require there to be a signed sale agreement prior to a loan being given. This way they have "proof" it's going towards a car that they can then use for collateral.

hardtrailz

Signed agreement but not a bill of sale. Just that providing he brings funds you will be selling him such and such car.

Most banks have a form they can give yo to use. I just bought my car in Indiana and needed a bill of sale from dealer to take to bank for loan

johnLs1camaro

iTrader: (28)

thanks, so now they are requesting a picture of front and back the title that sound ok too?


the person seems legit, everything checked out he has told me just checking myself.

67Lark

I've never had anyone ask for that before, but I'm sure it's to have proof as to whether or not it's got a lien and make sure it's a clean title.

Sladester2

iTrader: (1)

When I bought my vette I had to actually have a Bill of sale before the credit union I went through would lend.