Transfer On Death
Titles, registraions, and proof of insurance.
Can you trade a vehicle if your only source of income is unemployment?
Yes. Titles are issued by the state the car is sold in.
Yes it does, I just traded my vehicle for another vehicle even trade and didn't have to pay taxes on it in Florida.
The term 'Tool of Trade' in regards to commercial vehicle insurance means the vehicle is needed to ply the trade (transportation of equipment, etc.)
If the repo-man is looking for your vehicle, you do not own the vehicle yet. If you take the vehicle in for trade-in, they will have to contact the person who owns the vehicle to get permission to trade it (meaning whoever loaned you the money). Whoever they call is bound to mention that they are in the process of repossessing your vehicle. In alot of cases you need ownership of the vehicle and only a title can prove that to trade in a car.
In most states, you can trade in the vehicle without it being registered. However, you do need a TITLE to prove that you own the vehicle.
If you find a state that does not have reconstructed titles, and register the vehicle there, you may be able to do it.
Generally, when you go to a local dealership to purchase a new or used vehicle, they ask you whether or not you will be trading in another car. When you are asked that, let them know that you are wanting to trade a vehiclae in and they will give you a certain amount of money for your trade-in to add towards the vehicle you are wanting to buy.
Yes, they need to be registered and insured just as any other commercial vehicle.
Ordinary People