ah ****..friend buys sc400 from someone but title in someone else name
03-08-10, 11:29 PM
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ah ****..friend buys sc400 from someone but title in someone else name
Original owner - (A)
Buyer (B)
My friend (C)
A sold a car to B.
B never transferred the title to his name, and put on about 5k miles on it.
B never filled out the title nor signed it, so the title is still in A's name.
B sells the car to C
Tags expired a year ago, and title was never transferred, so now will C have to pay for all this? Sounds like B is now out of the picture, since C signed the title, so C basically bought from A.
We ran a vin and plate check to see if the car was stolen or anything, and it's all clean. B basically drove around for free for a year then decided to pass on the title, selling it for A
The car is good as far as not being stolen or anything illegal via the police dept, but i got a feeling C is going to pay all these fees. C is getting screwed because he's gotta pay the past due fees that B did not.
DMV does not care about you, they only care about the car. They don't care who pays it, as long as it's paid
Buyer (B)
My friend (C)
A sold a car to B.
B never transferred the title to his name, and put on about 5k miles on it.
B never filled out the title nor signed it, so the title is still in A's name.
B sells the car to C
Tags expired a year ago, and title was never transferred, so now will C have to pay for all this? Sounds like B is now out of the picture, since C signed the title, so C basically bought from A.
We ran a vin and plate check to see if the car was stolen or anything, and it's all clean. B basically drove around for free for a year then decided to pass on the title, selling it for A
The car is good as far as not being stolen or anything illegal via the police dept, but i got a feeling C is going to pay all these fees. C is getting screwed because he's gotta pay the past due fees that B did not.
DMV does not care about you, they only care about the car. They don't care who pays it, as long as it's paid
03-08-10, 11:41 PM
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B bought the car from A for $1000 via back of the title, so C will have to pay $100 or so for tax assuming it's 10%? I guess B and A worked a deal as to what to put on the title. This car runs great and is pretty dang clean. Mechanic checked it as a great solid running car with nothing wrong with it, except the squeaky breaks, and it needs some tires. Car is definitely worth more than 1k
03-08-10, 11:42 PM
#5
B bought the car from A for $1000 via back of the title, so C will have to pay $100 or so for tax assuming it's 10%? I guess B and A worked a deal as to what to put on the title. This car runs great and is pretty dang clean. Mechanic checked it as a great solid running car with nothing wrong with it, except the squeaky breaks, and it needs some tires
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03-09-10, 04:44 AM
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B bought the car from A for $1000 via back of the title, so C will have to pay $100 or so for tax assuming it's 10%? I guess B and A worked a deal as to what to put on the title. This car runs great and is pretty dang clean. Mechanic checked it as a great solid running car with nothing wrong with it, except the squeaky breaks, and it needs some tires. Car is definitely worth more than 1k
Skipping titles is only legal by licensed dealers, in which case its a dealer reassignment. I do not think it's legal in private party sales though it happens ALL the time.
03-09-10, 07:25 AM
#13
Buyer (A) can mail their registration card to the DMV along with a copy of the bill of sale when it's sold. I'm pretty sure this is the correct way of doing things because it documents the mileage. This would probably have protected (C) a little more. But then again, it would probably just confused the DMV even more lol.
I recently had an issue with this. I sold a 1998 w210 E-Class Mercedes. The buyer was super sketchy but he paid in cash. I go inside to get a screw driver to remove my plates and homeboy takes off with the title and my tags. I gave him 24 hours before I called the cops. My tags are personalized and I wanted them back. I ended up calling the cops and believe it or not, he was caught. The guy had all kinds of warrants and existing charges. I got my tags back and life is somewhat normal again. I mailed my registration card to the DMV to make things more legit. Now I'm done with selling cars (& Mercedes/long story) and hope to own my next vehicle for a long time. That's why I'm looking at SC's
I recently had an issue with this. I sold a 1998 w210 E-Class Mercedes. The buyer was super sketchy but he paid in cash. I go inside to get a screw driver to remove my plates and homeboy takes off with the title and my tags. I gave him 24 hours before I called the cops. My tags are personalized and I wanted them back. I ended up calling the cops and believe it or not, he was caught. The guy had all kinds of warrants and existing charges. I got my tags back and life is somewhat normal again. I mailed my registration card to the DMV to make things more legit. Now I'm done with selling cars (& Mercedes/long story) and hope to own my next vehicle for a long time. That's why I'm looking at SC's
03-09-10, 07:33 AM
#14
You might have him check with local DMV/DPS/tax office about how they calc taxes on cars. In some states if the sales price is rather low given the cars actual value they use the black book value of the car and charge you taxes based on that. As for gifting, there is gift tax as well. You're friend should be fine though as long as A signed the back of the title.
03-09-10, 07:50 AM
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i dont know whats the huge problem about that your just going pay back registration fee from when it hasnt been registered (which should have been your friends question when the he check tags are missing before he bought so he would know the cost)
your tax is whatever you put down as the sell price on the pink.......
just be lucky you got the clean pink i been scammed before with a pink and the the car had a LIEN on it when i went to the DMV but the pink didnt show it. I had to pay an extra $500 and track down a hole in the wall loan shark to get the LIEN removed on one of my cars... NOW THAT i can say "ahh ****"
your tax is whatever you put down as the sell price on the pink.......
just be lucky you got the clean pink i been scammed before with a pink and the the car had a LIEN on it when i went to the DMV but the pink didnt show it. I had to pay an extra $500 and track down a hole in the wall loan shark to get the LIEN removed on one of my cars... NOW THAT i can say "ahh ****"