Title Question
#1
Title Question
So I have 2 Rams, 1 that I'm keeping and 1 that I'm parting out. I just have a question as to what to do about the title that I'm parting out. Do I need to go junk the title? What if someone wants to buy the cab, do they get the title? What if I've junked it? Anyone ever do this before? What do I need to do?
#4
#5
As a general rule, people should always, always, ALWAYS check with their local motor vehicle authority (DMV, Tax Commission, etc) regarding title issues BEFORE buying or selling titled property.
Based on threads from another forum I now lurk, here are some issues where people screw themselves:
One real stickler is people who have heard about Broadway Title, which goes hand-in-hand with the first point I mentioned, thinking that it is a cure-all for missing title issues. Some States have been cracking down on titles issued by Broadway Title and will not honor them. The same holds for another called International Title Service, which has a history of bilking people out of money.
One piece of advice I can give is that *IF* the seller does not have a title, but claims it's easy to get, is to demand he get a title. If the seller is unwilling, or offers various reasons why he can't get a title (ie too busy, needs money) then walk away. No matter how sweet the deal may be, I guarantee you'll spend more time and money encumbered with legal issues down the road. I have read many stories of people who've spend thousands restoring a vehicle only to learn they can't register it because there isn't a clear chain of title. They either end up getting a lawyer to help sort the legal issues or, as can happen in some States, the authorities impound the vehicle.
Some States require the title be surrendered with the vehicle if it's hauled off for scrap/junked, while others don't worry about the title if the vehicle is past a certain age (usually 25 years).
Also consider that States can also issue a VIN in certain situations.
Once again, always speak with that local or State regulatory agency first before proceeding with either buying or selling when a question arises.
Based on threads from another forum I now lurk, here are some issues where people screw themselves:
- Buying a vehicle where the seller states he does not have a title, but that "it's easy to get one".
- Buying a vehicle from "State X" without verifying what is needed so it can be titled in "State Y".
- Not realizing that some States do not assign a title to vehicles over a certain age and only require a Bill of Sale.
- Not including any lien releases with the title when the property is sold or transferred.
One real stickler is people who have heard about Broadway Title, which goes hand-in-hand with the first point I mentioned, thinking that it is a cure-all for missing title issues. Some States have been cracking down on titles issued by Broadway Title and will not honor them. The same holds for another called International Title Service, which has a history of bilking people out of money.
One piece of advice I can give is that *IF* the seller does not have a title, but claims it's easy to get, is to demand he get a title. If the seller is unwilling, or offers various reasons why he can't get a title (ie too busy, needs money) then walk away. No matter how sweet the deal may be, I guarantee you'll spend more time and money encumbered with legal issues down the road. I have read many stories of people who've spend thousands restoring a vehicle only to learn they can't register it because there isn't a clear chain of title. They either end up getting a lawyer to help sort the legal issues or, as can happen in some States, the authorities impound the vehicle.
Some States require the title be surrendered with the vehicle if it's hauled off for scrap/junked, while others don't worry about the title if the vehicle is past a certain age (usually 25 years).
Also consider that States can also issue a VIN in certain situations.
Once again, always speak with that local or State regulatory agency first before proceeding with either buying or selling when a question arises.
Last edited by Gary-L; 04-21-2014 at 02:04 PM.