Why Seller Finance A Vehicle? | WE BOTH WON

You can buy a car with no cash, no credit, no credentials. Pace Morby talks with Grant Upchurch about their recent seller finance vehicle deal. Pace is taking over Grant’s car payments on a 2022 Cadillac Escalade. Grant initially connected with Pace to learn HOW to sell his car, he never expected Pace would buy it! They’ll break down why Grant wants to subto the car, how to structure the deal and even how to handle insurance.
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Пікірлер: 70

  • @redwolftravel
    @redwolftravel Жыл бұрын

    Grant and his wife are great people. Awesome video, very informative!!!

  • @dannyturbo3224
    @dannyturbo3224 Жыл бұрын

    how do you get insurance/license/tag when you do not have title in hand/you are not owner on the title/bank is the lien holder?

  • @masonflanrey9095
    @masonflanrey9095 Жыл бұрын

    Perfect! I love how you guys upfront answered every comments questions and objections! If anyone has an issue with this video then you probably weren’t paying attention

  • @ThatManSimmonds
    @ThatManSimmonds Жыл бұрын

    Oh my freakin’ gosh!!! I’m just watching this video and I went to look at a truck today with seller financing in mind! When I work out the deal, you’re gonna love my story and how it all get structured. #StayTuned. 😃

  • @chrispaguada6863

    @chrispaguada6863

    11 ай бұрын

    How’d the deal go!?!

  • @ThatManSimmonds

    @ThatManSimmonds

    10 ай бұрын

    @@chrispaguada6863 we had that storm in florida come through my area; so, we haven't been able to discuss and/or strike the deal...partly because the seller also used the truck to help out with the cleaning of the storm aftermath (chuckle). Nonetheless, stay tuned. You'll see the thumbnail indicating it gone. Have your popcorn on deck. I'm meeting with the seller tomorrow.

  • @landrichplus
    @landrichplus Жыл бұрын

    Thanks Pace and community, always I am learning a lot

  • @PaceMorby

    @PaceMorby

    Жыл бұрын

    Excellent!

  • @MGMG007
    @MGMG00710 ай бұрын

    I just found your content on sub to’ing homes and my mind just went 🤯 thank you for great content my man 🤙🏽

  • @PaceMorby

    @PaceMorby

    10 ай бұрын

    I appreciate that!

  • @massiveaction6217

    @massiveaction6217

    21 күн бұрын

    Can we get the paperwork download for this exact process​@PaceMorby

  • @cashoffercouple
    @cashoffercouple2 ай бұрын

    Wow! Great info

  • @PaceMorby

    @PaceMorby

    2 ай бұрын

    Glad it was helpful!

  • @josephrobert7059
    @josephrobert7059 Жыл бұрын

    Pace is the king of analogies

  • @z00p77421
    @z00p77421 Жыл бұрын

    Pace been lifting weights!

  • @musclebymike1382
    @musclebymike1382 Жыл бұрын

    Okay, I did this in the 80's in California they called it "TOP"... A guy in California charged $10 and told you where to get the forms, how to completed the form and etc...

  • @Ophelialoki
    @Ophelialoki Жыл бұрын

    Cohost the car. Get a super host on turo to take the car and manage for 70:30 split. Good cohosts make purely passive investments

  • @TheBadGuy69
    @TheBadGuy69Ай бұрын

    Some banks don’t allow subject to. If they find out they’ll require for you to pay what’s due immediately

  • @ioncergarealtor
    @ioncergarealtor Жыл бұрын

    Awesome

  • @ZuloInvestments
    @ZuloInvestments7 ай бұрын

    Hi Pace, can the same Seller Finance Contracts you provide (Bill of Sale, Promissory Note, security agreement and assignment of rents) use in case I am the buyer of a sub to car from a person that still has a loan on it and I’ll take over payment or is it different type of documents. Because you mentioned you would post a video for the KIA documents you used with Sean St Clair but never did. So just wanted to know if I can use the same documents as seller finance to buy car sub to or if you have different format doc that you please share to me. Thanks really appreciate your content.

  • @thenaskid
    @thenaskid8 ай бұрын

    What happens for the title in a subto deal? Does the seller keep the title or does the buyer keep the title? if you want to buy the car sub to and then sell it sub to

  • @thecapt6183
    @thecapt618311 ай бұрын

    I'm in North Carolina and actually would like to do this with my motorcycle... So my understanding is: 1) Have myself (seller) and buyer fill out the contract with the info 2) Have a possible Notary witness/sign (optional on contract) 3) Have the buyer: 1. Set up their Bank info to make payments to the bank with the lien 2. Have them Register the motorcycle in their name with tags etc. 3. Have them insure themselves and myself as primary and secondary 4) Then I remove my insurance Am I missing anything? Is the paperwork just for our personal records? What happens after this gets off, do they send it to me still? Any answers to these will be appreciated!

  • @Triangletree
    @Triangletree3 ай бұрын

    After vehicle paid off The title goes to seller name and he transfer it ? If yes (what if seller dies) or move to another country

  • @Khanh.Nguyen369
    @Khanh.Nguyen369 Жыл бұрын

    How did you transfer the title from state to state when the lien holder is still the bank so he doesn’t have title in hand

  • @raymondgomez9256
    @raymondgomez9256 Жыл бұрын

    🔥🔥🔥🔥🔥

  • @nickgandara5612
    @nickgandara5612 Жыл бұрын

    What’s the name of the Facebook group? I’m trying to join💯

  • @shavaryeanderson9094
    @shavaryeanderson909411 ай бұрын

    I’m in North Carolina and was just asked about seller financing my truck to person in the construction industry. I will let you know how it works out.

  • @PaceMorby

    @PaceMorby

    11 ай бұрын

    Please do! That's who I've seller financed my trucks to in the past, people who can cash flow with the vehicle immediately.

  • @DoaneTactical
    @DoaneTactical4 ай бұрын

    GMC Denali > Cadillac Escalade During bodyguard gigs, I always liked driving the Denali over the Escalades.

  • @thomasneeley5034
    @thomasneeley503411 ай бұрын

    The links to the paperwork are not working

  • @PaceMorby

    @PaceMorby

    11 ай бұрын

    I just tried and they work. What part didn't work for you?

  • @alankalupa7585
    @alankalupa7585 Жыл бұрын

    Where is the contract that you used to “lease” this Cadillac? I only found seller finance contract. Really looking to get lease contract.

  • @ArenaBreakoutHacks
    @ArenaBreakoutHacks Жыл бұрын

    Looking for a truck subject to in Georgia our surrounding states ! We have a animal rescue and really need a truck!

  • @AngieMilinazzo
    @AngieMilinazzo Жыл бұрын

    I want to buy a 2023-2024 Toyota Sequoia subto.

  • @CommercialRealEstate-TEXAS

    @CommercialRealEstate-TEXAS

    8 ай бұрын

    Me too

  • @AVP-143
    @AVP-143 Жыл бұрын

    I want to get rid of my 2019 infiniti Q50 signature edition 34k miles, pace morby pls buy!

  • @phase_h8512

    @phase_h8512

    11 ай бұрын

    I'll buy it!

  • @CommercialRealEstate-TEXAS
    @CommercialRealEstate-TEXAS8 ай бұрын

    Secure the bag Moneybags

  • @akulabourne
    @akulabourne Жыл бұрын

    Why is the market "soft"? Bidenomics, baby!! C'mon, man! Great video, guys! Really appreciate it. This has openned my eyes. Suddenly, opportunity knocks.

  • @thoyo
    @thoyo Жыл бұрын

    One of Pace's Subto students here. Anyone want to buy a Ford F-150 subject to?

  • @josesantana6644

    @josesantana6644

    Жыл бұрын

    Me 👋

  • @josesantana6644

    @josesantana6644

    Жыл бұрын

    What’s a good FB/IG?

  • @thoyo

    @thoyo

    Жыл бұрын

    @@josesantana6644 What's your insta? my comment keeps getting deleted

  • @ArenaBreakoutHacks

    @ArenaBreakoutHacks

    Жыл бұрын

    @@thoyowhat’s your email or insta I’m interested

  • @josesantana6644

    @josesantana6644

    Жыл бұрын

    @@thoyoJose_Santana52

  • @georgereginald6084
    @georgereginald6084 Жыл бұрын

    He says the market was good?! Huh

  • @ShayeC3
    @ShayeC3 Жыл бұрын

    What happens if you want to sell the car, if your name isn’t on the title?

  • @user-zq4wl3cb9y
    @user-zq4wl3cb9y Жыл бұрын

    @pacemorby come by my 2021 softail standard. Has a tuner an exhaust. Owe 13k. Need 18 to turn my life around. Lol ur my only hope for the near future.

  • @TT-ik3kd
    @TT-ik3kd Жыл бұрын

    You’re explaining the benefit to you but its all negative… why not just go buy from dealership and your payments less then buying from him? I dont get it

  • @PeterPan-wp9sr

    @PeterPan-wp9sr

    Жыл бұрын

    Interest rate

  • @TT-ik3kd

    @TT-ik3kd

    Жыл бұрын

    @@PeterPan-wp9sr his rates 5% already whats one point of interest? Youre telling me pace cant go into a dealer with his net worth and credit and get a new caddy with under 5%? Not enough savings.

  • @HoroscopeLove

    @HoroscopeLove

    Жыл бұрын

    Pace did not have his credit pulled, no bank statements, job history required, no DTI, lower if no down payment. Just because you don't understand it doesn't make it a bad deal. We are buying homes left and right with this same Pace method and all parties win.

  • @kushisharma5228

    @kushisharma5228

    Жыл бұрын

    @@HoroscopeLove wrong! Buy in company name at 4.8 percent rate from credit union. No personal hit! Makes no sense

  • @kushisharma5228

    @kushisharma5228

    Жыл бұрын

    Such a bad idea since liability stays in the registered owners name

  • @Whatever0704
    @Whatever0704 Жыл бұрын

    Oh Jesus. Buying $135,000 car with 10K down and 5.99%. The car is literally worth 50,000 now.

  • @PaceMorby

    @PaceMorby

    Жыл бұрын

    I paid $0 down. You also don’t get creative finance if this is what goes through your mind.

  • @Whatever0704

    @Whatever0704

    Жыл бұрын

    @@PaceMorby First, Love all your videos :) I was meaning Mr. Grant. Buying that an expensive car with only 10K down and that rate. The depreciation these cars have is crazy. ( I made my fair share of bad decisions buying brand new cars 🤦) For you as the buyer on creative 👍

  • @Capo_jc21

    @Capo_jc21

    Жыл бұрын

    @@Whatever0704if you can find one for 50k send it to me

  • @TheRelevantUnknown

    @TheRelevantUnknown

    Жыл бұрын

    Since you’re being literal, please find me that car for $50k and I will buy 5 and I will literally give a 5 figure commission

  • @jerseyshorerealtor

    @jerseyshorerealtor

    Жыл бұрын

    Def not 50k your exaggerating lol. I just bought a 2017 older body for 41k with 67k and had to wait months to get a good deal. The new body is at least 85k