When I bought my car, the guy paid my money to the bank to clear the loan, then the bank issues some sort of no-objection letter. then u need to take it to the traffic dept to transfer the ownership.
BUT, be VERY CAREFUL. Some ppl will take u on a ride after the money is paid to clear the loan. In my case, I had to run after & keep calling the guy for a week before he found time to do the ownership transfer. You MUST ensure that he allows you to take the car after u pay the money to clear the loan. The bank takes a day or two to clear. then only can u go to the traffic dept for change of ownership.
When I bought my car, the guy paid my money to the bank to clear the loan, then the bank issues some sort of no-objection letter. then u need to take it to the traffic dept to transfer the ownership.
BUT, be VERY CAREFUL. Some ppl will take u on a ride after the money is paid to clear the loan. In my case, I had to run after & keep calling the guy for a week before he found time to do the ownership transfer. You MUST ensure that he allows you to take the car after u pay the money to clear the loan. The bank takes a day or two to clear. then only can u go to the traffic dept for change of ownership.