|
Registered
Join Date: Apr 2007
Location: Hudson Valley, New York
Posts: 4,263
|
When it comes to jumping titles there are exceptions that make it much better for everyone. If you buy a car from a state that titles old cars or the title is old enough it make a lot of sense to hold onto that title if you live in a state that doesn't title old cars like NY, MA, CT, GA, etc. Most of these states will give you a registration card or tell you to sell it on a Bill of Sale, both of which can cause problems if you sell to someone in another state or a car that has to pass through customs.
It doesn't affect us, we are a licensed dealer so can re-assign a title, but for the average guys re-selling a car it makes a lot of sense to not put it in his name if he lives in one of the states listed above. A title is a title to a lot of people, they don't want to hear about the legality of Reg's or Bills of Sale.
---Adam
|