buying another porsche that's 600 miles away.

Seller doesn't have title because he has a loan with Porsche Financial. He owes less than the sales price.

What is the best way to pay him? Can I pay Porsche Financial direct and would they send me the title, then I give the balance to the seller?

What is the best way to do this? wire transfer?

Can anyone recommend a good shipping company (enclosed transport) on the East Coast?

Too busy with work and family to fly out and drive the car home.

thank you,

G

 

I was considering a purchase similar to this last summer. Called Porsche Financial and they told me they would only release the title to the current owner.

I don't know the best way to do this transaction. Really and truly it prevented me from buying that particular car last summer.

An attorney friend recommended to make a check to Porsche Financial NOT to the seller(but I understand that he owes them less than the sales price). Some on RL recommended using an escrow company. Good luck with it.

 

I just went through this with my recent purchase. I had my bank send a check directly to Porsche Financial for the pay-off amount and then I had a seperate cashier's check made out to the seller for the remainder. Porsche Financial will the forward the title to me. Going through your bank should protect you in the transaction.

 

that's what I did. thanks