[twobjshelbys]

I went through this for my Mustang. He was going to wire me the funds and I'd send him the title but I felt much more comfortable with this process. He just happened to be in Florida. Note there was no lien in this transaction.

He was already having a dealer purchase on his behalf. There can be advantages to doing it this way especially if another sale is involved - it looks like a trade in and can significantly reduce sales tax which in CO is computed on the difference.

So I went to a local guy who does consignments and asked him what he would do. What we did was I brought the title to the local guy. Signed it to the buyer and left it with him. He told the buyer that he was in possession and the wire transfer happened within an hour. Once the funds were in my account I told my local guy and he FedEx'd the signed title and other papers that day. If the deal had fallen through I still had the car and the title (as a piece of scrap paper) which the DMV will reissue as an original if the spoiled one is returned. He charged me a whopping $200. (The car did stay at my house for another 3 days while the shipper came but it was his - he had the title.)

Basically, a third party acts as an intermediary Most car dealers will provide this service.