I am looking to buy a used car from an owner in Arkansas, and I am very nervous. How does this transaction happen step by step? I met with the car owner, tested the car, took it to a mechanic, ordered a CARFAX report for $20 online etc.
Do I give cash to the owner, and get the keys? Or do we go to a DMV, and do the paperwork, and then the cash? How does the transaction go? I could not find any good articles covering the money transfer and the paperwork.
I want to make sure the car belongs to me officially, and all paperwork is okay. What if the previous owner did not pay property taxes, or did not assess the car in time, or there is an outstanding lien? Does this make the future owner responsible? What and how should I verify before the transaction takes place?