Alright, I was planning on picking up my Evo this weekend but came to a bump in the road.

I got approved for the loan, but the car is out of town. The bank wants the title in hand at the time of closing. How do they expect me to do this??? I will call them tomorrow, but hopefully I will get some helpful information here first. Thanks everyone.

 

There should be no issue, typically you get a sales contract with proof that you get the title (or in your case the bank gets the title), they usually want this paper because typically the actual title will get sent in the mail to you (or most likely directly to the bank). Just call them about it, even if the car was 2 blocks away, it would be hard to get the title at time of purchase. (not that it's impossible). Ultimately they want to loan you the money, and if they dont because of a delayed title, it is time to find a new bank.

Congrats on the new car

 

Since it's a personal seller, there is no 'sales contract' or anything like that. Anyways, I went into the bank today and argued with them. The only options they said I have is to have him send the title to them, or be there at the time of closing. Guess it's time for a new bank!

 

Update: Just went to a local credit union, got the loan approved and a check with the contract that you were talking about, with only 5.1% interest rate!

 

credit unions FTW