[DeTomaso] Another inquiry......... talk to me about car titles please.

[Asa Jay Laughton]

I had to title it in CA first, then in my home state.  The bank still  
kept the title, but I had no hassles from my them.  The only hassle  
was that I couldn't get it licensed to -drive- it home, without first  
doing a title transfer in CA. (It was a CA car that had not been  
registered in years).  The title however wa still in the owners name.

-That- is probably more the issue, that the present owner does not  
have clear title to the vehicle if they -never- transferred the title.  
  So the bank is probably being cautious.  They wouldn't want to  
finance a car that ended up being stolen.

Asa Jay

Quoting Dee Hart <qqpursuit at gmail.com>:

> This what I think I know................OK a guy in Jersey buys a pantera
> from (Pro Auto sales) Penn.   The Jersey guy puts it in the garage and never
> registers or Titles the car in the Jersey guys name.  Now the Jersey guy
> wants to sell it.     An out of state buyer comes a long and would probably
> want to buy the car but would prefer to finance the car.  The finance
> company says no, because the car is not Currently titled.        Is that
> customary for a finance company to make that requirement?   Does the out
> of state buyer simply get a copy of the title that I guess would be in Pro
> Auto Sales name and show it to the Finance company?             Or maybe the
> out of state buyer simply gets a home equity loan and goes that route, and
> screw that finance company?
>
> Curious.................... Doug.H
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