So I'm about to buy this E46 from a private seller if the PPI turns out well. The question is, the guy hasn't paid off his car yet and said we would have to send (mail it in) in a money order to BMW financial services to pay off the remaining and they would send me the title (there's a form and everything). Since this is a new process to me, has anyone had experience with situations like this?

After signing a bill of sale and NRL the responsibility of paying off the car remains with the owner right? In case he decides to cancel the money order or something and I never receive the title, the bill of sale would reinforce the fact that he needs to pay it off so I can receive the title right?

I was curious because I thought that if the seller doesn't have the title, don't we need a 3rd party signature or something for the bill of sale.


Thanks in advance.

I did this when I sold my car. It was financed through BMW Financial. It went very smoothly for me and the guy buying it. You might want to call BMW financial.

Did you have a form as well? How fast did BMW mail the title to the buyer after the form was sent in? Was it express/overnight? So basically we just work with that form BMW sent him?

Thanks.