Need help figuring out sequence for selling my car (Ontario)
I know there are multiple threads about this topic and I read most of them here and on reddit as well but having trouble putting it together for my situation.
My car has a financing on it, at a high level I imagine that the seller will bring a bank draft and we will meet at my bank and I will deposit the bank draft, clearing the loan on my car (loan is with scotiabank and so is my banking) and at the same time I will sign the car transfer document to him.
The main piece that I can fit here is the UVIP package. If I get the UVIP package before this, it will show the lien on the car and at the same time the seller might not want to buy the car without the UVIP... I also don't want to clear my loan until I know for sure that the sale will happen. There is also safety certification to consider, but I guess the seller can do that after the sale on his own?
Can someone help me with figuring out the best order to protect both the seller and buyer? We are trying to conclude this by Thursday so it's a bit tight on time.