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I have done this twice. I have a purchase agreemant and a promissory note that I got on line at one of those legal sites. Make sure you verify that you are listed as loss payee on their insurance before turning loose of the car. I also required 6 refrences(names, numbers and addresses), proof of income, and proof or residency(utility bills, etc). The first one was to my brother in law so never was to worried about that one but the second one I got a GPS unit installed on it. At any time I can kill the ignition and go get the car! The customer is aware of it, and hes never been late! You are probally worried that they will disconnect it. If they do it is in the contract that it is grounds for repo and the GPS unit automatically sends me a text message when it has been disconnected and has a battery back up so no fears. I do not charge interest to keep it simple but the mark up more than covers it. Hope this helps......

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16y ago

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