Thread: Noob Question
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Old 09-24-2009, 12:26 PM
MONAX MONAX is offline
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Join Date: Sep 2009
Location: Nashville, TN
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Noob Question

Hello Everyone! Just joined the forum and buying our first "new to us" 2002 X5. I am closing the deal this Saturday at the bank with the current owner, but I have a couple of questions.

I know this questions will sound basic, but please bear with me. I have never bought a used car before, I've always leased or financed outright. When I meet the previous owners on Saturday, what are the "legalities" of a used car transaction?

- I have prepared a bill of sale
- The previous owner needs to sign the title and put the odometer reading.
- Exchange the cashiers check

What else is there to do?

Thank you for all your help.
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