NO BANK NEEDED! | How To Buy or Sell a Car on Seller Finance

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Күн бұрын

This technique can help you sell your car at a higher purchase price, without having to go through a bank. I'll show you why Seller Finance is a great way to either buy or sell a car and I'll even give you the paperwork I used to do it! After this video, go watch the full training with my attorney Sean St. Clair as he walked me through the contracts we used below, step by step! 👇
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❎ I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a KZfaq video for entertainment purposes ONLY ❎

Пікірлер: 145

@FPFOdylanrice Жыл бұрын

Can you make a video on the legal side of seller finance, breaking down when someone doesn’t pay or hold up their side of the contract

@jlarsent 4 ай бұрын

yeah, I’d be curious to see what happens if they just wreck it and walk away....

@Hawksforever99 Ай бұрын

SubTo student here coming up on a year and whether this is a house, car or just a piece of land, the things that always struck me about selling this way is how it's such a win-win scenario for both parties! Seller can get way more money total and move it faster cuz what does money love ? SPEED... Time literally is the most valuable thing you have... And for the buyer, they get much more flexibility maybe they're gonna use that truck for work or maybe it's just they have a very non traditional job so banks don't even wanna look at them! Such a great tool for selling! Thanks for all you do, Pace!

@PaceMorby Ай бұрын

Exactly! Glad to have you here man

@jonathonknight4792 Жыл бұрын

What !!! Yes finally I’ve been looking forward to this video!!

@baischgolfer Жыл бұрын

This step by step stuff is awesome, keep um coming for those of us with an attention span

@PaceMorby Жыл бұрын

THANK YOU!!! Seriously!

@wcaknights Жыл бұрын

Awesome video -- Thanks Pace!!

@JoshCorby18 Жыл бұрын

Thank you so much for this Pace!

@PaceMorby Жыл бұрын

My pleasure!

@jredward5704 Жыл бұрын

You the man pace!

@albinothug Жыл бұрын

Masterclass 🔥

@isshinryu4734 4 ай бұрын

Bro, your a life saver, I really needed to know this information.

@PaceMorby 4 ай бұрын

Glad to hear it!

@ThatManSimmonds 11 ай бұрын

LOOM videos: #Brilliant! I’m doing it for my creative finance truck sale. #StayTuned

@Cookies205 Жыл бұрын

Super interesting Pace

@PaceMorby Жыл бұрын

Much appreciated!

@mikemolinag2213 Жыл бұрын

hey Pace! would you happen to have handy the link for the vehicle tracker you've used? it would be super helpful!

@raulviolante8675 Жыл бұрын

Great stuff definitely going to do this

@PaceMorby Жыл бұрын

Go for it!

@raulviolante8675 Жыл бұрын

Just have a question about the type of tracking device

@egozttb72 3 ай бұрын

Subscribed, thank you🫡

@PaceMorby 3 ай бұрын

Thanks for subbing!

@jasonwolfer Жыл бұрын

Such a good video!$!$!$!

@kandicemorgenstern7234 10 ай бұрын

Wait, I can't find video #3 of this series! How did you negotiate the deal and vet buyers? Did you reach your goal? I must know how this story ends lol! I'm amazed by how much value you are providing here for free. Thank you so much!

@Silke8608 Жыл бұрын

I was literally going to post this question in the group 3 days ago.

@CorkyBallasdancewithme Жыл бұрын

Great Video and I am sure when you met the BUYER, you got a good feeling from them, you also had choices as to which buyer to pick with the highest probability :) GreatJob Pace :)

@PaceMorby Жыл бұрын

Much appreciated!

@kingmusa 11 ай бұрын

So how do the people get their tags if the car is still in your name?

@disciple6197 Жыл бұрын

How do you handle title and registration transfer in the the deal in a subto car purchase?

@skyguardian1 10 ай бұрын

Well since they haven’t paid for the car yet you keep the title! Once the vehicle is paid off then you would sign the title over to them andThen for registration it’s on the buyer of the vehicle to register it with the motor vehicle because they will be the one driving the vehicle!

@RickyHines205subto Жыл бұрын

Love it. Wish I had known this before I caught up with my SUV note. You are the truth and I am to be in your world. ✌🏿🐊💯❤️🔥.

@user-tj6ht4hl2j Жыл бұрын

Where is part 3? I cant find it but great vid! Really interesting strategy

@PaceMorby Жыл бұрын

m.kzfaq.info/get/bejne/f7KWiMZ-u6ionok.html &index=2&t=242s&pp=iAQB The Subto a Vehicle Paperwork pacejmorby.com/vehiclepaperwork

@MrAhoelzel Жыл бұрын

I did not receive the contracts per the link option above. Who should I reach?

@TheBadGuy69 Жыл бұрын

Hey bud. Looking at making a seller financing deal on a 2021 corvette lol. Is it better to get the contract notarized? That way it’s more legit and concrete? I would hate to give a 25k down payment just like that! I’m in Quebec Canada as well

@jennifermorris6848 2 ай бұрын

Wow! I am selling my car to my son and delaying payments for two years. I have been struggling to find some info on how to formalize this seller financed arrangement and finding your video really turned on a lightbulb for me about things I wasn't even considering. Yowsa. Thanks tons. Im going back to the drawing board.

@PaceMorby 2 ай бұрын

Glad you enjoyed! Seller finance car deals are fun to put together.

@ryanpagoria9622 Жыл бұрын

hey what do you mean by a tracker? you dont put a physical thing on the vehicle?

@lowrider5717 4 ай бұрын

so wont the bank call the loan once they see there is a different owner? also how do you deal with insurance on both buyer and seller end?

@billyvang6463 9 ай бұрын

Does this also work for Subto Deals?? Do I keep the title or does the seller still keep the title?

@JustUsSystemInc Жыл бұрын

Hey Pace, love the video. I bought my half million dollar home in a similar way. Are you participating in seller finance? I have a bunch of cash but can’t qualify for the car I want and am looking for creative finance to buy a 2023 Kia Sportage.

@glenlallos4040 8 ай бұрын

Is there a video that covers if the buyer defaults?

@sk8tb1 4 ай бұрын

What if I want to seller finca my DJ controller . What kind of paper I. Need then ?

@healthyabundantlife71 Жыл бұрын

What you record the transaction with the DMV?

@jlarsent 4 ай бұрын

I love how gou explain thimgs and I cant say enough aboht how great your methods are but Im not a big fan of trying a sub to or seller finace on a car.. there’s a lot of weirdos out there that would make a car disapear.. if everybody was honest and true, I would love this!

@DrMan786 Жыл бұрын

Can you do a video on how to buy a title company

@PaceMorby Жыл бұрын

One day!

@mariahenrique4672 Жыл бұрын

Your intelligence is A1

@NazBG Жыл бұрын

My husband and I heard about seller finance for the first time from you tonight! Thank you for the enlightenment!

@PaceMorby Жыл бұрын

YOU'RE WELCOME!

@tcbhakta8419 Жыл бұрын

Pace, you are going to break the financial system by giving power back to the people. Why do you encourage people to learn about how they can live their best life by teaching this stuff to the public. You are getting folks out of living in failure. Well I guess I can't stop ya, so I'll join ya 💸💵🤑

@PaceMorby Жыл бұрын

THANK YOU!

@user-dy8zh4bb9d 5 ай бұрын

I don’t see the link for Sean Sinclair and contracts

@ejcorinealdi Жыл бұрын

Is video 3 available?

@mouthfullofgold100 8 ай бұрын

And to do this the car stays in your name until it’s paid off?

@aramistavarez6748 Жыл бұрын

is there a website to buy seller finance cars ?

@NOCOMPLAINTSOFFICIAL Жыл бұрын

Hey Pace! Saw your video and was amazed at how much I don’t know about creative finance! I have a few vehicles interested in selling their car via seller finance! The only issue is that I don’t really understand the process of putting the vehicle under my name/llc? Can you share some insight?

@LykeemLaws 11 ай бұрын

I’m interested in buying, are the cars still on the market and where are you located?

@UltimateAldean Жыл бұрын

The only problem is $500 a month for 4 years is only $24,000. The payments would need to be $791 a month. Unless you were just figuratively speaking. Other than that, where do you get a tracker?

@tarikswfit Жыл бұрын

Will a subto student please help Pace setup Google Drive

@grimeybeast1465 9 ай бұрын

How many cars can you sell on creative finance before the government requires a dealers license?

@SUSTOSAVAGE Жыл бұрын

well my boi.... if the buyer blows the motor or the brakes tires and transmission get worn out.... what is your collateral then... because I have bought used vehicles and when they break down it is very expensive.... and I have contemplated turning the vehicle in instead of spending 10k + on repairs.... my credit liability has kept me from doing that.... I like realestate safety nets much better 🍻 you set the price i set the terms or I set the price and you set the terms

@courtneypedraza5200 Жыл бұрын

Are you going to come out with the follow up to this video?

@PaceMorby Жыл бұрын

kzfaq.info/get/bejne/oal_iLCY0brHfXk.html Paperwork is pacemorby.com/vehiclepaperwork

@aal2016 11 ай бұрын

Has there been enough whining to get us the next video in the series yet? 😂 I, for one, want to hear the calls! And…I’d love to hear a rebuttal to some of the “what if the guy stops paying the insurance and takes the truck to Romania” stuff above.

@WhtSupremePizza1 Ай бұрын

Lol at the airdrop thing. You're using a unix POS. Someone's never heard of quick share.

@eddiemestre7478 9 ай бұрын

Found a seller selling a bike trailer on Craigslist wants someone to take over payments to banks how can I take over payments he wants me to apply for a loan but I’m trying your method sub too can you help me

@keirakirby5201 3 күн бұрын

I just want to know...how much is the cost to become a student?? Seeimg as though today...the game is to be sold and not told...at least the Game in full and not just a little.

@dmitrystoynov9105 2 ай бұрын

do you have a video , how to buy correctly car with existing loan? i see lot of cars selling for the a loan amount or even less, but i don't know how to make paperwork correct and not becomein bad situation

@PaceMorby 2 ай бұрын

I've got a video of my transaction coordinator explaining the paperwork here kzfaq.info/get/bejne/eJt1gNebu5y2eoE.htmlfeature=shared. Hit up the free FB group if you have any more questions paceapproves.com/freefb-ytc

@dmitrystoynov9105 2 ай бұрын

@@PaceMorby thank you!

@PHSinger 8 ай бұрын

Is part 3 up yet?!

@PaceMorby 8 ай бұрын

Yes! All my SubTo Car videos are on the "SubTo Car Series" playlist.

@jeffgiangiulio5341 3 ай бұрын

Happen to have the seller financing contract that was not a "wrap" with a current loan your lawyer goes over in the video?

@PaceMorby 3 ай бұрын

All creative finance documents are exclusive to the community members, but you can get them by teaming up with community members in the free group paceapproves.com/freefb-ytc

@davidmurray1878 7 ай бұрын

Android has no air drop cause its already on your computer when you take the picture

@YouBetterCallSaul Жыл бұрын

I owned a dealership for years...good luck finding the vehicle when the person falls off the face of the earth and rips that tracker out or gets crafty and wraps it in aluminum foil in a garage somewhere lol. In some states a vehicle can be issued a title even if a person has no title but has possession of the vehicle after X amount of time. Usually this applies just to abandoned vehicles but also something to consider a mechanics lien can be placed on the car if they take it to a shop and the person doesn't have the $$$ to pay for that blown transmission + storage fee's. I promise you -some Russian's I know could come take your F150, have it on a boat to Romania to be sold on the side of the road in a month and there's not a damn thing you could do to get it back.

@PaceMorby Жыл бұрын

Thanks! I already sold it and they have been making payments.

@chrispascoe7644 Жыл бұрын

Why would you sell your vehicles to criminals? You have to watch videos to the end,you dont have to sell to aluminum foil people.

@bebop830 Жыл бұрын

yeah Soul, I thought the same thing all the buyer can stop payments the n your screwed

@WillBurton3000 Жыл бұрын

So what stops them from doing this with any vehicle including ones from a dealership?

@Motivationhandled 9 ай бұрын

Are downpayments illegal or not? Which website do you use Craigslist you can’t accept payments do you use a different website to accept sellers finance payment/ down payments for seller finance and documentation if so which one ?

@PaceMorby 9 ай бұрын

Write it all up in contracts, I talk more about the paperwork on my SubTo Cadillac video kzfaq.info/get/bejne/pZmTncmr3Zu9m58.html

@dienekes4364 Ай бұрын

_"This is why I talk trash about Android"_ -- You get that moving photos on an Android is just as easy as iPhone, right? I don't even have to go into my phone, I can just pull them up on my WINDOWS desktop, download them, and I'm done. I don't even have to open my phone.

@Hughs_life_ Жыл бұрын

Can you seller finance to someone if you still owe on the vehicle though ??

@ejcorinealdi Жыл бұрын

Yes, but you wouldn't be on the insurance. Only the bank will be.

@TiempoTotal Ай бұрын

LEGAL contracts, clausules, :)

@soanemoa2191 Ай бұрын

But is your vehicle FREE & CLEAR? Things get messy if it's not and therefore the buyer doesn't have much skin in the game to follow through with the monthly payments.

@tylerjacksongentle Жыл бұрын

Can you seller finance a vehicle that you are financing yourself?

@0223Jeremy Жыл бұрын

Curious about this as well

@WaldropYTC Жыл бұрын

Yes

@cdlkel5470 Жыл бұрын

That would be “subject to” because you have a loan on it. Seller finance is if you hold the title in hand. You’re already seller financing with the bank or dealer & they hold the title

@user-ng6yd7gc7i 5 ай бұрын

You are seeing a Consumer Kelly Blue Book, My Book and your book is Different. As A Dealer MINE IS ACCURATE.

@ericcontreras5091 9 ай бұрын

I can’t find paces paperwork

@PaceMorby 9 ай бұрын

pacejmorby.com/vehiclepaperwork

@protnarg2116 5 ай бұрын

Did you sell?

@evanlomioan Жыл бұрын

Thank you for this Morby. I’ve been binge watching your videos with Jerry. I’m on Vid #11 now. Anyways, I got a car but it’s not paid off yet. It’s financed through my bank and I’m a little upside down. Will this still work for me or should I pay the car off first before I can seller finance it? Thank you.

@karawillis4767 10 ай бұрын

If you can get a down payment close to what you owe so you can pay it off that may be ideal for you.

@JoeGlascockJr Жыл бұрын

❤

@AppRides Жыл бұрын

Awesome information just hope somebody has the money to pay for it and you don’t get it back all in little pieces or taken across the state line to Mexico on refinance could be very very risky. I’m just saying.

@PaceMorby Жыл бұрын

It sold brother. Like 2 months ago.

@veev327 9 ай бұрын

I'm trying to buy a car seller financing

@alejandrocarnet9718 9 ай бұрын

listening your episode on seller financing for vehicles and found it to be extremely enlightening from a financial perspective. The ROI advantages of installment payments over a lump sum upfront are clear, and I appreciate the deep dive into that topic. However, I couldn't help but wonder about the legal implications and restrictions of such transactions. Specifically: 1. How frequently can one engage in seller-financed transactions before being considered a dealership? 2. While placing a lien on the title is an excellent method to safeguard the asset, is there a limit to how many liens you can place on differents vehicle titles as an individual without a dealership license? Ex: Can i be a lienholder in the title of 6 difference vehicles that people purchased from me under the seller finance method. Understanding these legal parameters is vital for anyone considering this route, and I believe your insights would greatly benefit your listenership. If you have knowledge on this or can direct me to resources or professionals who can shed light on this, it would be greatly appreciated. I'm eager to learn more and potentially become a part of your community. Thank you for your time and for the invaluable content you produce.

@user-ng6yd7gc7i 5 ай бұрын

Without a Dealers License This is Illegal

@GoalSnatcher Жыл бұрын

Can you do this on a car that you're financing?

@GoalSnatcher Жыл бұрын

What happens if they total the car?

@CorkyBallasdancewithme Жыл бұрын

@@GoalSnatcher What happens if you total your car ? The Insurance covers it . . .

@user-hl1gm1rw3q 10 ай бұрын

Everyone finds loopholes. This is a bad idea. Someone could rack up 100k miles in no time and walk away.

@charleswright9573 Жыл бұрын

Thanks for flooding the FB group with people asking about cars. /s

@roresteen Жыл бұрын

Well obviously there is interest and a need. So what?

@jonbennett62 Жыл бұрын

It's all in being an insanely good salesman and convincing the other person that they should do something not in their best interest.

@earthskool 7 ай бұрын

anyone here seller financing a car ? I have a buyer.

@Whatever0704 Жыл бұрын

You have a lot of trust in people. I can come and give you $2000 down, agree to whatever terms. Rip out the tractor. Move to Montana, use it as a truck on my farm. After one year it’s going to be beat up as hell, not worth anything anymore and if you can ever find me, you can repo it.

@amrekeameen3718 Жыл бұрын

It will appear as a debt on your credit

@vividhaiku Жыл бұрын

Correct

@vividhaiku Жыл бұрын

He’s gonna sell to someone he knows that won’t screw him

@christopherfinau7615 Жыл бұрын

🤡

@Aimlifestyle Жыл бұрын

This is why the buyer must have insurance to protect the seller

@rosalynmurphy8268 Жыл бұрын

Can you get a car for me

@brad265 Жыл бұрын

You can't get your car back if they stop paying

@lettherebelight6910 Жыл бұрын

That’s a good thought 💭 but I think he may be file a lien against the vehicle at the county clerk office until it’s paid off. Traditional dealers do the exact same thing when you finance

@Seachange01120 11 ай бұрын

Maybe not, but he can also report the car stolen and now the buyer will have a record for auto theft if they don't return the vehicle.

@insidethewarcloset3301 5 ай бұрын

He has a tracker