I live in California and just got off the call with a buyer who will be taking my car. The car's leinholder is still BMW Financial Services.
I understand this is the process:
1. Complete Bill of Sale with the buyer for our own records
2. Send buyer's certified cashier's check overnight to BMW FS (1 day)
3. Once they process payment they will mail me the Title (2-5 days)
4. Sign Title over to the buyer (1 day)
The issue here is that there is a good amount of time/lag from the buyer producing cash to him getting the Title signed over to him. About a week I'd say. My concern is that he will have some concern of signing a check without car keys.
When am I suppose to actually hand the car over to the buyer? When am I suppose to complete the
Notice of Release of Liability ?
Thanks!