Hello all. I am purchasing a car from a private seller. We have agreed on a price and are meeting tomorrow. He tells me that he has $6000-7000 left on the loan and wants to meet at the bank that is financing his loan (Bank of America) where I will pay off the loan, and then he will sign over the title to me and I will pay him the remaining amount. The car is $30,000 so I am assuming I will pay off the $7000 loan and then give him the remaining $23,000 while he hands me the title. Does this seem correct? Again, I have never bought private party and haven't dealt with paying off loans for other people's cars so I just want to make sure this all adds up. Thank you for your help.