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First, make sure that you have the entire deal written down. It will not be an enforceable contract if you don't. You also need to make sure that you get a lien release from the seller or finance company. If you are dealing with a dishonest person, it would be easy for you to get screwed here, and hard to do anything about it. I don't know how much it would cost, but you might consider calling a lawyer in the seller's town and having them handle the transaction. Then you are covered, because if the lawyer messes up you can go after him/her.

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20y ago

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