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Dear Terry,
I am looking to purchase an Acura RSX Type-S,
and it is an out-of-state purchase. I'm currently
located in Connecticut, but the deal will take
place in New Jersey.
I am completely clueless about interstate
private-party auto loans. Do they differ from
other auto loans? Or will I need to apply for
a personal loan?
-- Wil
Dear Wil,
There shouldn't be any difference between this sort of transaction and one with the dealer down the street.
I recently bought a car from a Massachusetts dealer even though I live in Florida. I made the deal,
got a check from my bank for the amount I was going to finance, and gave it to the dealer when I picked the car up.
The dealer gave me temporary tags to drive home on and when I got back I went to the department of motor
vehicles, paid my state taxes and got Florida tags.
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