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Buying car from private person

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Probably be buying a second hand car from a private person in another town who has regular payments to the bank. I will be buying cash. What is the procedure? Do we go to the bank together and i pay the outstanding amount to the bank and get the registration papers? Is the car then supposed to be first transferred onto the sellers name and then again onto my wife's name? In other words, roadworthy first and then registration onto sellers name? He pays for roadworthy and registration and then i take the car home and register it in my home town on my wife's name? Or is it possible to skip registering it on the sellers name and can i register it on my name directly from the bank's name (i assume the bank is the title holder as they financed the car originally)? Advice against pitfalls and what to look out for will be much appreciated! Thanks.

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