Vehicle Titles

Merchant

thank you for just saying yes to let me know that all is not lost

yes

If you outright own the car and it is 1993 or under.. it has to be 15 years old for the state of Maine.. now if you are in another state it may different for you.. You did not mention the state you are living in.

You can sell the vehicle with just a bill of sale if it is 15 years old or older.. for Maine that is.

IF you do not have the vehicle's title and it is like a 1994 and above.. you need to contact your local Department of Motor Vehicles and get what is called a title copy. It usually costs money for this again depending on what state you are in...

For Maine it is 25.00 and if you want it rushed expect to pay for that too! If you don't get it rushed you could be waiting as long as 2-3 months for this to come to you.. no kidding!

So I would rush it if I were you!

That is what I know for Maine again contact your Department of Motor Vehicles for your state. and they can help you with more information on this issue as well.

When a CA title has 2 names on it the way the names are recorded will decide who can sell the vehicle. If the names on the title read "person 1 / person 2" then both parties would have to sign off title to sell vehicle but when the title reads "person 1 or person 2 then only one of the two people have to sign the title in order to sell the vehicle. So basically if the names are recorded with a / (meaning end) between the names then both parties must sell but if the names are recorded with an OR between them then only one person has to sign off title for sale. Other states may be different, so check with your DMV to be sure. In some, "or" is used instead of "/."

This is listed under vehicle titles and you do neither that you ask. On a pink slip there are two boxes. One is the registered owner and the other is for the owner. If there is a loan on the car this is where the loan company is listed. If you own the car your name is there.

The only way it can be taken back is if you are listed as the lienholder. If not, it can not be taken back without taking them to court. Call a magistrate and find out what you need to do before taking them to court. You may need to notify them by certified mail and give them some kind of time limit to pay before you can collect. But remember that it will be up to you to prove to the court that they owe you money, otherwise, you may not be able to collect anything.

It means the car was wrecked, or flooded, so badly that it was sold for salvage. The cost of repair was 80% of the value of the car. The car was then bought by someone and repaired. Thus the salvage title. Run from this vehicle as fast as you can. == At resale time a salvage/reconstructed vehicle will net 60% of the value of a comparable car with a clean title. Cars are totaled when repairs top 75% of its real market value. An older salvage car can be a fine purchase since they are worth less and it doesn't take much to total them (even a little side swipe will total an otherwise fine car and it will drive fine). Avoid flood damaged cars as they can have a lifetime of quirky electrical problems.

Don't believe the scaredy cats that say RUN from a salvage car--if the salvage/reconstructed car is in good condition and passes a pre-purchase inspection it can be a great deal.

BIG MOTOR VEHICLE

the most expensive factory Bentley is the Brooklands

unless you agreed to a certain wait period, you may ask for a full refund at any time.

selling a car without title is illegal however the punishment is usually manditory full refund. Title holds can be long and exact certainty of outcome never truly 100%

titles do get lost and replacement titles often require cooperation of previous owners

The word "courtesy" means polite behavior that shows respect for other people.

Thus you would use a courtesy title when you were meeting people formally or introducing them to others.

Yes

not technically. once the title is in your name that basically states that you've paid for the car in full and now were giving you the title to prove it

No

I think I would go to the local dmv for the answer , how are we suppose to know? And wake up would you!

i collect them. i buy old car titles. csxcobra@yahoo.com

is the title clear

In most cases the debts of the deceased are the responsibility of the estate. The estate, or its beneficiary should reimburse any valid debtors including the IRS and state tax boards, before giving any of the assets away. If the estate has been closed, there should be no further claims. Consult a probate attorney in your jurisdiction for help.

Can a lender repo your car if you have a clear title with "0" lienholder? YES, its called a "Perfected Security Interest".Can a lender put themselves on a title as lienholder without your knowledge?":Not likely, I've never heard of a lender trying it. How would they know your VIN on your car unless you borrowed MONEY against it? Do you think they just pick a random number and decide to put a lien on it?? NOT. No candy for you today. Merry Christmas

Roosta, I like reading your replies. Shows you have a good sense of humor. this, if you have clear title, no lienholders, how can they repo the vehicle and sell it without the title.Now I was told the title is legal possession and no one can put themselves on as leinholder without any paperwork from the owner.Now the lender stated this was an unsecured loan and it needs to be secured by going to DMV, paying $40.00 and list them as lienholder. This was not done. My contract with the dealer states I paid cash for the vehicle. I have not been late for 2 years and could well afford the car when I bought it. I have a chronic illness, and lost my job. I have no income and was living off my savings. Still waiting for SS which takes forever. I asked the lender for an extention on the loan for just a few months and they refused. They want the car. The repo man has been around but the car is in a locked storage building. I plan to file bankruptcy when the money comes in. I have always paid my bills and was responsible with my credit. I bought my own house which I am also 5 months behind, but are willing to work with me as I have owned the house for 11 years and not once was I late on any payments. Two lawyers cannot even answer the question. How can they repo the vehicle and sell it without the title or them listed as a lienholder?

The car is not being driven as I had to drop the ins. on it as I could not pay that either. I wouldn't take a chance like that, but I have to protect the vehicle since there is no ins.I am between a rock and a hard place. I am not a deadbeat, just trying to hang onto what I've work so hard for. The money will be coming in, just not as soon as I would like it. I live in the NE and also doing without heat. I've always worked for what I had and don't expect handouts.I hate to see people calling others deadbeats when certain situations are unforseen. We never know what the future holds.So you repo guys out there, have a heart and just be nice when you have to pick up a car. You shouldn't get a thrill out of someone else's heartache.

wreckeced

A title bonded due to incomplete ownership documentation refers to a situation where the ownership of a vehicle or property cannot be fully verified due to missing or insufficient documentation. In such cases, a bond is obtained to protect potential future claims against the property, essentially guaranteeing that the rightful owner will be compensated if any disputes arise. This process allows the current possessor to obtain a legal title while resolving the documentation issues. It often occurs in situations like inherited property or vehicles with lost titles.

It all depends on why it was totaled/reconstructed in the first place. Since cars are totaled when repair costs exceed 50-75% of the car's value (depending on what state you're in), an older car can be totaled for simply cosmetic reasons since they're worth less and easily totaled - even $2k in body work will total an otherwise mechanically sound older car like a '95 Volvo or Honda . Now a newer car that's been totaled is a problem since it could have sustained over $15k in damages and that's major. It all boils down to why it was totaled, are there before and after pictures and are the repairs top notch.

If it's been totaled due to flood damage RUN! These are problematic cars that are not easily restored and may have a lifetime of quirky electrical problems.

Buying a reconstructed car is no different than buying any used car. Do a Carfax, get a pre-purchase inspection, make sure the frame's straight and if it all checks out and you like the car buy it BUT don't pay more than 60% of the value of a comparable car with a clean title since that's all it's worth and plan on keeping it for a while to get your money's worth out of it since resale is harder. And contrary to all the bull you hear, you can get insurance on it from most companies but since it's worth less they will pay out less if it's totaled again or stolen so don't pay too much for it! I own a reconstructed car presently and it's the best car I've ever owned and I only paid $1800 for it and spent another $1000 to bring it up to top notch mechanical standards (major tune up, new belts and hoses, rear brakes). A great deal and it looks and drives fine with no problems at all, so if it's a good car that checks out I can think of no disadvantages to buying such a car!

Keep in mind this food for thought: an new car gets rear-ended and incurs $5000 in body damage. It gets to keep its clean title. A 10 yr old car with the same damage would be deemed totaled even though the damage is identical. A clean title, therefore does not mean an undamaged car.