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<blockquote data-quote="backhoeboogie" data-source="post: 498891" data-attributes="member: 3162"><p>Get the paperwork legal and notorized. Make sure the buyer can pay off the note at any time. </p><p></p><p>I have been on both ends and to me it is a very positive method between two people. The owner gets more interest than he would if he was paid cash and put it in the bank. The buyer pays less interest than he would if he took out a loan. You have essentially cut out the middleman, the banker. </p><p></p><p>I would never buy or sell an auto or anything else like this.</p></blockquote><p></p>
[QUOTE="backhoeboogie, post: 498891, member: 3162"] Get the paperwork legal and notorized. Make sure the buyer can pay off the note at any time. I have been on both ends and to me it is a very positive method between two people. The owner gets more interest than he would if he was paid cash and put it in the bank. The buyer pays less interest than he would if he took out a loan. You have essentially cut out the middleman, the banker. I would never buy or sell an auto or anything else like this. [/QUOTE]
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