Join Date: Feb 2006
Location: San Ramon, Calif
Ferrari Life Posts: 3,627
There are a few ways here in US of checking if there is a loan on vehicle. Always an important thing to do first.
Most credible sellers will tell you if you ask, and then you can deal directly with the lender. Send full $ to lender, they pay off the note, send balance of $ if any to seller, and then they send you the title.
We can also check through the state's registrty of motor vehicles as the registration certificate will state if a lien is present.
It's important also to know the type of lien on vehicle. Sometimes cars are pledged only as collateral as a business loan, etc.
As to purchasing from Italy, you do have to be careful. You must know your seller. I do not know how they title vehicles, but you nee dto find out and then do your homework.
I bought my Dino in Italy in 1974. I knew the seller as he was a major vendor to me. it was a cash transaction.
As to documents as Dr. Jimmy said, papers are important but do not generally affect the car's value.
A credible seller will always have full records and documents and would be glad to pass them on. It's part of the pride of ownership.
Hope this helps.
I like the black 308 GT4. Great looking.