Quote:
Originally Posted by MysticLlama
Imagine selling your car/boat/etc. to someone in a single phone transaction that has verified funds for you, real id for ownership, changes the title over, gets them a car loan, pays the fees as needed, moves liability, all with no paperwork or trips to the bank or DMV.
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You just described how I bought my last used car. I transferred money to selled via my phone bank app (account to account) and he then used his phone DMV app to transfer the car to me (plates stay on the car, only owner changes).
We did this on a weekend. No banks or trips to (Swedish version of) DMV were needed.
Owner change is instant, so is money transfer. Only physical exchange was signing the contract saying that I bought car with reg nr xxxx for xxxx price.