[DeTomaso] NPC: Calf title paperwork
Julian Kift
julian_kift at hotmail.com
Thu Sep 17 13:03:57 EDT 2015
It all sounds pretty normal to me from a Nevada perspective, If I sell a car I just sign the title. Most buyers/sellers also complete an official Bill of Sale, but NV DMV does not require it to reassign the title in new owners name if it is a private party sale (no sales tax on private party sales). Any vehicle sale/trade to a dealer is usually handled via the owner signature on title and a reassignment of title form so the dealer does not show as a titled 'owner' of the vehicle. As long as the string of names is consistent between intermediary buyers/sellers there is no issue.
For an out of state purchase I just take the title signed by prior owner and the vehicle to DMV, they do a VIN check (Visual confirmation the title match the vehicle VIN) and I go inside and title/register the vehicle in my name.
Julian
From: Larry at ohiotimecorp.com
To: detomaso at poca.com
Date: Thu, 17 Sep 2015 12:03:05 -0400
Subject: [DeTomaso] NPC: Calf title paperwork
Ok guys I pulled the trigger and bought a Jaguar from California and paid
for it. Today I get a packet of paperwork from the used car dealer. Boy this
is not how we do it in the grand old state of Ohio. Look at this mess.
1. I get a Nevada title for the car in the name of the lady who traded
it to a Honda dealer in Las Vegas. The back of the title is signed over to
California Auto Auction. Nothing is notarized.
2. I get a small form from Cal DMV "vehicle auction wholesale report of
sale". It shows the auction name and the used car dealer's name as buyer.
Nothing is notarized.
3. I get a form from Cal DMV, "vehicle/vessel transfer and reassignment
form". Looks to be a bill of sale from the auction company to the used car
dealer.
4. I get a form from Cal DMV, "vehicle/vessel transfer and reassignment
form" Looks to be a bill of sale from the used car dealer to me. It is
asking for my signature and returned to them. It also asks for my signature
to appoint the used car dealer to be my power of attorney to complete
necessary paperwork and transfer ownership. Hmmmm.
5. I get a form "contract cancellation option agreement" looking for my
signature to decline it.
Is any of this normal? We call this skipping a title here and it is not a
legal thing to do. Do I just sign all this before the car gets here? Did he
really ship it yet?
In Ohio a dealer buys a car. He gets a title that has the back filled in
with his name, miles and a notarized signature of the seller. The dealer
transfers the tile into there name and get a new title. When it is sold the
same thing happens.simple.
Larry (lost) - Cleveland
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It all sounds pretty normal to me from a Nevada perspective, If I sell
a car I just sign the title. Most buyers/sellers also complete an
official Bill of Sale, but NV DMV does not require it to reassign the
title in new owners name if it is a private party sale (no sales tax on
private party sales). Any vehicle sale/trade to a dealer is usually
handled via the owner signature on title and a reassignment of title
form so the dealer does not show as a titled 'owner' of the vehicle.
As long as the string of names is consistent between intermediary
buyers/sellers there is no issue.
For an out of state purchase I just take the title signed by prior
owner and the vehicle to DMV, they do a VIN check (Visual confirmation
the title match the vehicle VIN) and I go inside and title/register the
vehicle in my name.
Julian
From: Larry at ohiotimecorp.com
To: detomaso at poca.com
Date: Thu, 17 Sep 2015 12:03:05 -0400
Subject: [DeTomaso] NPC: Calf title paperwork
Ok guys I pulled the trigger and bought a Jaguar from California and paid
for it. Today I get a packet of paperwork from the used car dealer. Boy this
is not how we do it in the grand old state of Ohio. Look at this mess.
1. I get a Nevada title for the car in the name of the lady who traded
it to a Honda dealer in Las Vegas. The back of the title is signed over to
California Auto Auction. Nothing is notarized.
2. I get a small form from Cal DMV "vehicle auction wholesale report of
sale". It shows the auction name and the used car dealer's name as buyer.
Nothing is notarized.
3. I get a form from Cal DMV, "vehicle/vessel transfer and reassignment
form". Looks to be a bill of sale from the auction company to the used car
dealer.
4. I get a form from Cal DMV, "vehicle/vessel transfer and reassignment
form" Looks to be a bill of sale from the used car dealer to me. It is
asking for my signature and returned to them. It also asks for my signature
to appoint the used car dealer to be my power of attorney to complete
necessary paperwork and transfer ownership. Hmmmm.
5. I get a form "contract cancellation option agreement" looking for my
signature to decline it.
Is any of this normal? We call this skipping a title here and it is not a
legal thing to do. Do I just sign all this before the car gets here? Did he
really ship it yet?
In Ohio a dealer buys a car. He gets a title that has the back filled in
with his name, miles and a notarized signature of the seller. The dealer
transfers the tile into there name and get a new title. When it is sold the
same thing happens.simple.
Larry (lost) - Cleveland
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