Buying used car that is financed

[Lucky]

This shouldn't be a problem. Get his loan #, bank, and payoff amount and cut two checks -- one to the bank (for the payoff amount) and the balance to the seller. You definitely don't want to give the seller the entire amount and take it on faith that he'll pay the bank. And there is no reason for him to balk at you paying the bank directly unless he is trying to pull a fast one on you. Good luck.

[Burg Boxster]

If possible, do the transaction at the bank itself. They'll have a notary on site who can notarize the bill of sale and release the lien w/ your check.

If it's a "local" bank, they'll most likely have title on site too. If so, and you have certified or wired them funds directly for what's owed, they can notarize the title too then hand it over to you there. As long as you have a t-plate and proof of ins, you're good to go. Good luck and congrats!

[Brucelee]

All the bank has to do is sign the release section of the title. You take that with you.

Do it in person and don't give the seller a penny until the bank title is released to you.

Buyer Beware.