Thinking of buying this car...need some advice

[70TWO NOVA]

Alright here is my situation;
Iam seriously interested in purchasing a 98 Camaro SS. The price seems too good to be true though...$2500. The car was bought by the current owner without him knowing that there was an auto title loan out on the vehicle from the person he bought the car from. The current owner has a signed, noterized and dated bill of sale for the car, and is in the process of filing for a mechanics lien to obtain the cars title. How does that work and if he does obtain the title can i purchase the car from him free and clear without the possibiltiy of the original owner coming back for the car through legal action? What would you guys do?....
Here is the link to the car and info;
http://www.azstreetscene.com/ipbforum/index.php?showtopic=7606&st=0&gopid=105332&#entry105332

[6'9"Witha69]

A bird in the hand my friend, is worth two without mechanics liens yet. Don't trust it. It takes time to get the lien and then file for abandonment. If at any time the true lien holders questions the placement it will be a battle between the primary lienholder, the PO and the current owner. Until that is all sorted out you are best to stay out of the mess.

[70TWO NOVA]

yeah, thats what i figured. im not too familiar with liens or title loans on cars. I just dont want to buy it and have one of the previous owners come back on it saying its legally theres for whatever reason.

[6'9"Witha69]

The mech lien would be subordinate to the leasing company/lender.

[70TWO NOVA]

so basically the leasing company/lender, would still own the vehicle if i purchased it even if i got the title in my name?

[6'9"Witha69]

IF it was in your name it would be b/c the issue was sorted out.

[70TWO NOVA]

after doing a little more research and talking with the current "owner" ive decided its best to stay out of this one. Its probably not really worth all the hassle and headaches getting it all sorted out. Thanks for the advice though, I really appreciate it.

[go-fish]

If you find out who the lien holder is you can go to them and express that you want the car and are willing to do a tranfer of custody on the loan agreement. They my let the other people turn it in and you purchase it.
What it sounds like is somebody didn't want thier car note and abandoned it, guy's trying to make $2,500, and the bank is probably hunting it down.
The car more than likely has more than $2500 left on the note so you might want to skip on it but if you find the lender and talk with them you may be surprised.