first of all i live in ontario canada... 2nd im about to buy a 2003 infinity G35
so today i went to the seller (personal sale, not dealer, so we pay jsut one tax
) and had a look at the uded car info he got printed up at the licencing office, it says that there is still money oweing towards the car to Royal bank, so at the time of purchase the seller said he would give me a notice from the bank, i wonder if this is a common thing and what the notice issued by the bank would say?
it seems like that he cannot pay off the debt untill he gets the cash from selling the car first but what im worry about is if he gets the money but still dosent pay back the debt... that would end up with the bank trying to repo my car... is there any other way to clear this up or should that bank notice garentee me that my car will not get repo even if he owes money to the bank?
any help would be appretiated....
thank you!