I'm sure most of you have seen my GSX that is for sale. I've had an overwhelming response on it! I do have a title question though. I've got the signed FL title from the previous owner, never got around to getting the title put in my name. I've sold a few cars, by just passing the signed title on to the new owner. That's always been locale here in TN. If someone buys this car out of state, could this cause a problem? Do I need to go ahead and title the car in my name before selling? Thanks! Dave
dave : the safest thing to do is to register the title in your name . if the car is purchased out state , the state or province , my/will require that u have a current title and an out of state title issued for the car . suppose the car was stolen , u would have a tough time , recovering the car to your person if the title is still registered to the previous owner .
Did the guy you buy it off of Date it too?? In IL they will back tax you. They will also make you pay for any registration fees you missed if it has been over a year. It would also raise the question of where the car has been. If it isn't dated and the name on the title matches the signed name it shouldn't be problem. In IL they will just charge you an out of state fee, I think most states do that though.
I think I'm going to run down to the DMV today and register it in my name. I traded a car for it, so I don't have to pay any taxes. TN usually has titles back in just a couple of weeks. For the money this car will bring, I don't think the buyer will want to deal with registration issues. Thanks!
That is a WISE decision, to TRANSFER the title to YOUR name! (You SHOULD have, WHEN you bought the car, ANYWAY!:Smarty: ) I'm going through a similar situation, right now. The guy that I sold the car to, almost 2 YEARS ago, NEVER Transferred the Title to HIS name (which means it's still in MY name!:af: ) 1) He LOST the Original Title 2) He never REGISTERED the car, Legally 3) There is NO Receipt, or Proof of Sale If the car causes damage or injury, in an Accident, "I" can still be held RESPONSIBLE to PAY for it!:af: I contacted the Secretary of State, to inform them that I SOLD the car, but the New Owner refuses to Transfer the Title (he can't AFFORD it). Since he LOST the ORIGINAL TITLE that I signed over to him, he will NOW have to APPLY for a LOST TITLE (which will cost $50), and THEN TRANSFER the title (another $200), and then REGISTER the car (another $78)!ou: If he couldn't afford it, BEFORE, how can he afford it NOW?ou: The Secretary of State advised me, that if there is no "receipt" or "Proof" that he BOUGHT the car, all I have to do is Report it STOLEN, where it can be "Recovered" from HIM, He will go to jail, and I will get the Car back for FREE (since it is STILL in MY NAME, LEGALLY!) So, LEARN from this, that it CAN happen, LEGALLY! Whenever you BUY a car, make sure you GET A RECEIPT, and TRANSFER THE TITLE, IMMEDIATELY!:Smarty: Unless you want to "take the chance" of going to jail for "Grand Theft Auto"!:TU:
