YACT: Buying a car with no title ??????

[halik]

TWIN TURBO,Car has 83,000 original miles, needs fuel pump, I am selling the car with NO title. Email for pics, and questions

^ I came across this when looking for a replacement Z. How legal is it to a) HAVE a car with no title and b) SELL a car with no title.

It seems really shady to me

EDIT:
I called the guy and he says that when he bought the car, the guy never wrote the title over to him and now he cant get ahold of the guy.... Hes in maryland and to get a new title, the old registrant has to file the paperwork. Ill call up my DMV and ask about the situation


SO yeah its very shady + its an automatic, so ill pass...

 

[ElFenix]

i don't think you can do that

 

[Yossarian]

dont' worry, it's probably just stolen.

 

[waggy]

Originally posted by: halik

TWIN TURBO,Car has 83,000 original miles, needs fuel pump, I am selling the car with NO title. Email for pics, and questions

^ I came across this when looking for a replacement Z. How legal is it to a) HAVE a car with no title and b) SELL a car with no title.

It seems really shady to me

well if he just lost the title then thats one thing. IF he just does not have a clear title then he cant sale it.

IF someone buys it they can get screwed.

Not haveing a title is not against the law. i lost my title to a scooter i owned and had to get a new one. it was a pain in the rear and took a few months.

 

[conjur]

Easy to get a replacement title from the state if the doofus doesn't have it.

Otherwise...steer clear!!

 

[Papagayo]

I heard that it cost lot of money to get a new title..

 

[beatle]

The title is your ownership right to the car. If you don't own the title, you don't own the car.

 

[DougK62]

You can sell an untitled vehicle with a standard bill of sale. You can apply for a new title if it doesn't have one.

It is weird though.

 

[Ness]

ask for the VIN, take that to the BMV and see if you can get the name of the registered owner. Then ask them about replacing a lost title.

 

[halik]

Originally posted by: ness1469
ask for the VIN, take that to the BMV and see if you can get the name of the registered owner. Then ask them about replacing a lost title.

yeah i think ill run it thru DMV and carfax and see what i can do with it

 

[Viper GTS]

If they own it they shouldn't have any trouble getting a replacement title.

If they can't/won't do that I'd steer clear.

Viper GTS

 

[busmaster11]

Correct me if I'm wrong but you don't have the title unless its paid in full right? I owe 12k on my Rodeo and my gf owes 2k on her Maxima, neither of us have the car title...

We can still sell our cars, of course...

 

[conjur]

Originally posted by: busmaster11
Correct me if I'm wrong but you don't have the title unless its paid in full right? I owe 12k on my Rodeo and my gf owes 2k on her Maxima, neither of us have the car title...

We can still sell our cars, of course...

You get the title (unless it's a lease). There just happens to be a lien on the title in the name of the finance company that isn't released until the loan is paid.

 

[BatmanNate]

Originally posted by: busmaster11
Correct me if I'm wrong but you don't have the title unless its paid in full right? I owe 12k on my Rodeo and my gf owes 2k on her Maxima, neither of us have the car title...

We can still sell our cars, of course...

Your lien holder has the title until you pay it off and legally own the car.

 

[halik]

Originally posted by: busmaster11
Correct me if I'm wrong but you don't have the title unless its paid in full right? I owe 12k on my Rodeo and my gf owes 2k on her Maxima, neither of us have the car title...

We can still sell our cars, of course...

no you have a compy of the title stating that the bank owes it. You also cant sell the car without the banks knowledge, because they need to release the original and send it to your DMV when the ballance is taken care of

 

[Viper GTS]

Originally posted by: conjur

Originally posted by: busmaster11
Correct me if I'm wrong but you don't have the title unless its paid in full right? I owe 12k on my Rodeo and my gf owes 2k on her Maxima, neither of us have the car title...

We can still sell our cars, of course...

You get the title (unless it's a lease). There just happens to be a lien on the title in the name of the finance company that isn't released until the loan is paid.

Normally you won't get the title on a financed vehicle either, you get the title when you finish paying it off.

Viper GTS

 

[waggy]

Originally posted by: conjur

Originally posted by: busmaster11
Correct me if I'm wrong but you don't have the title unless its paid in full right? I owe 12k on my Rodeo and my gf owes 2k on her Maxima, neither of us have the car title...

We can still sell our cars, of course...

You get the title (unless it's a lease). There just happens to be a lien on the title in the name of the finance company that isn't released until the loan is paid.

no you dont. IF you get a loan the bank gets the title until its paid off.

But youc an sale the car just need to notify the bank.

 

[RossMAN]

Originally posted by: Viper GTS
If they own it they shouldn't have any trouble getting a replacement title.

If they can't/won't do that I'd steer clear.

Viper GTS

Agreed.

If they legally and rightfully own the vehicle, obtaining a replacement title is just a matter of visiting the DMV office, showing documented proof and paying the fee.

I would scrutizine the vehicle and it's supposed owner with a fine toothed comb, something (other than NO TITLE) doesn't seem right.

Ask if this is a salvaged title (because that usually shows on the title - could be a reason he doesn't have the title or refuses to admit he has it).

Run a carfax.

Ask for his name and address, get the VIN, contact the DMV and confirm that the VIN matches up with his name and address.

 

[conjur]

Originally posted by: waggy

Originally posted by: conjur

Originally posted by: busmaster11
Correct me if I'm wrong but you don't have the title unless its paid in full right? I owe 12k on my Rodeo and my gf owes 2k on her Maxima, neither of us have the car title...

We can still sell our cars, of course...

You get the title (unless it's a lease). There just happens to be a lien on the title in the name of the finance company that isn't released until the loan is paid.

no you dont. IF you get a loan the bank gets the title until its paid off.

But youc an sale the car just need to notify the bank.

Then why did I just get the title to the car I bought in Dec.?


Guess it depends on the state. I know in Indiana, the state keeps the title until the car is paid off.

 

[RossMAN]

Originally posted by: conjur

Originally posted by: waggy

Originally posted by: conjur

Originally posted by: busmaster11
Correct me if I'm wrong but you don't have the title unless its paid in full right? I owe 12k on my Rodeo and my gf owes 2k on her Maxima, neither of us have the car title...

We can still sell our cars, of course...

You get the title (unless it's a lease). There just happens to be a lien on the title in the name of the finance company that isn't released until the loan is paid.

no you dont. IF you get a loan the bank gets the title until its paid off.

But youc an sale the car just need to notify the bank.

Then why did I just get the title to the car I bought in Dec.?


Guess it depends on the state. I know in Indiana, the state keeps the title until the car is paid off.

Even if you have physical possesion of the car title, it does you no good because your lender (the bank) is the first lien holder.

You would not be able to sell that car without first obtaining a "lien release" from your bank and they would never do that unless you paid off your car loan in full.

 

[conjur]

Originally posted by: RossMAN

Originally posted by: conjur

Originally posted by: waggy

Originally posted by: conjur

Originally posted by: busmaster11
Correct me if I'm wrong but you don't have the title unless its paid in full right? I owe 12k on my Rodeo and my gf owes 2k on her Maxima, neither of us have the car title...

We can still sell our cars, of course...

You get the title (unless it's a lease). There just happens to be a lien on the title in the name of the finance company that isn't released until the loan is paid.

no you dont. IF you get a loan the bank gets the title until its paid off.

But youc an sale the car just need to notify the bank.

Then why did I just get the title to the car I bought in Dec.?


Guess it depends on the state. I know in Indiana, the state keeps the title until the car is paid off.

Even if you have physical possesion of the car title, it does you no good because your lender (the bank) is the first lien holder.

You would not be able to sell that car without first obtaining a "lien release" from your bank and they would never do that unless you paid off your car loan in full.

That's why I posted this:

There just happens to be a lien on the title in the name of the finance company that isn't released until the loan is paid.

 

[halik]

update

 

[conjur]

Originally posted by: halik
update

This is just screaming RUN THE FVCK AWAY!!

 

[RossMAN]

Originally posted by: conjur

Originally posted by: halik
update

This is just screaming RUN THE FVCK AWAY!!

Yep.

The car is NOT registered in the name of the person who currently owns it.

So therefore if you hand him over money and he hands you the keys, you DO NOT OWN THE CAR. Because he doesn't have the title and the title doesn't list his name as the owner.

Run the fsck away, it's not worth the hassle and you could lose $$$

 

[CraigRT]

Originally posted by: RossMAN

Originally posted by: conjur

Originally posted by: halik
update

This is just screaming RUN THE FVCK AWAY!!

Yep.

The car is NOT registered in the name of the person who currently owns it.

So therefore if you hand him over money and he hands you the keys, you DO NOT OWN THE CAR. Because he doesn't have the title and the title doesn't list his name as the owner.

Run the fsck away, it's not worth the hassle and you could lose $$$

and worst of all.. it's automatic :Q
why make an automatic Z?
so stupid