I want to trade my car, worth $15k (book) for his car $18k (book) he saids the pay-off amount on his car is $14k.
This is an email I got from him (I'm not dumb enough to get scammed/conned) I'm just wondering if this is legit.
"We would agree on a price for your car and my car. The difference in the value of our cars is what I would want in cash on top of your car. All I need is the cash and the title to your car, and they will release the title to the S2000. The title on the S2000 would be free and clear. Basically, I'm just transferring the loan from my S2000 to any potential trade I might get. I have already worked it out with my lender."
Is it really that easy for the lender to transfer the loan to my car I'm going to trade him? Would the lender just release the title like that?
This is an email I got from him (I'm not dumb enough to get scammed/conned) I'm just wondering if this is legit.
"We would agree on a price for your car and my car. The difference in the value of our cars is what I would want in cash on top of your car. All I need is the cash and the title to your car, and they will release the title to the S2000. The title on the S2000 would be free and clear. Basically, I'm just transferring the loan from my S2000 to any potential trade I might get. I have already worked it out with my lender."
Is it really that easy for the lender to transfer the loan to my car I'm going to trade him? Would the lender just release the title like that?