Page 3 of 3 FirstFirst 123
Results 21 to 22 of 22
  1. #21
    Super Star Member LD1's Avatar
    Join Date
    Apr 2008
    Central Ohio
    Kubota MX5100

    Default Re: buying used -- how to know if "title" is "clear"?

    Finding out where he bought it does little good if he financed with a third party.

    Quite simply I would ask him to show proof he owns the tractor. Whoever it was financed with would have sent him a letter stating the balance was paid in full. If he threw that away, he can request another copy. If he truly owns it outright, this will be a non issue. If he starts making up excuses and goes on the defensive, walk away.
    ".........there is only one way to find out."
    "Ok, hold my beer and watch this.........."

    MX5100 DIY Remotes
    MX5100 Diverter install
    Front Snow Plow Install

    Ford 5500 Backhoe
    Kubota MX5100HST w/LA844
    2005 Dodge 3500 4x4 Diesel
    8N Rebuilt and restored
    Bushhog 306
    3 Homemade wood hauling trailers
    Dolmar 6400 84cc ported
    Sachs-Dolmar 120SI Ported
    (4) Sachs-Dolmar 116SI Ported
    Dolmar PS540
    Sachs-Dolmar 115i
    Sachs-Dolmar 117
    Sachs-Dolmar 112

  2. #22
    Super Member bp fick's Avatar
    Join Date
    Aug 2009
    Beaver Creek, Northern Michigan
    Kubota BX2360

    Default Re: buying used -- how to know if "title" is "clear"?

    Quote Originally Posted by TSO View Post
    What you'll do is, send payment directly to the Lein holder. If you pay more than he owes, either his lender will cut him a check for the overage, or you (or your lender) will cut two checks. One to the lien holder for the owed balance, and one to him for the rest.

    If he owes more than the sale, he'll have to pay the balance to his Lein holder before they release the title to you.

    Exactly. You'll be getting the Credit Corp on the phone and dealing directly with them. Not a bad thing at all. As stated, these kind of hard luck deals for one person can be great opportunities for someone else.

    "Some chickens, some gardens and a Kubota."

Page 3 of 3 FirstFirst 123

Similar Threads

  1. RVS "Rear View Safety" Camera install short review "pics"
    By Jamming in forum John Deere Owning/Operating
    Replies: 13
    Last Post: 03-19-2012, 10:00 AM
  2. Replies: 0
    Last Post: 08-20-2011, 08:34 AM
  3. Replies: 0
    Last Post: 02-08-2011, 01:46 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
© 2018 TractorByNet is a registered trademark of IMC Digital Universe, Inc. Other trademarks on this page are the property of their respective owners.