Quote:
Originally Posted by KTL
Stephanie,
Have the seller register the car. I ran into this same problem with a trailer I got with my racecar. When the trailer is sold to the first buyer, the trailer company issues the Cert. of Origin (let's call it "C/O" for short) in buyer's name. Said buyer must then apply for title to the trailer.
In my instance, I simply got the C/O with the trailer (I didn't look closely at it and assumed it was a title) when I bought the racecar package. When I finally looke closer, I assumed all I had to do is submit the C/O to the Secretary of State for title issuance. No go. I was told I need it titled first. So I ask my brother who's been an honest car salesman for ~15 yrs. and he said yes, I have to get the fella to whom the C/O was issued, to acquire title to the trailer in GA and then sign over the title to me. He said by not doing this, it's what's called "jumping title."
I'll second what Noah stated above. I bought my racecar package in Georgia. Apparently a C/O is fine for a trailer in GA? Thankfully the racecar had an actual title so I don't have to correct that one.
edit........ Forgot to say how awesome your future car is. The GT40 is a timeless piece of racing history. It looks so darn fast sitting still. I love driving my own via Gran Turismo4 !  |
In most states, a signed Certificate of Origin (CO) or Manufacturer's Statement of Origin (MSO) only needs to be accompanied by a Bill of Sale for the state to issue a title. The state needs to know who sold it, when, and for how much. A Bill of Sale tells them that. If you've got a signed-off title (or CO/MSO) and a Bill of Sale from the same seller/signature, then you will get a title.
The trouble comes when the title/CO/MSO is signed by someone other than the listed owner or valid dealer. You can't reassign without being a dealer.
In the case of the GT40, if he never registered the car, and he isn't a dealer, then he probably cannot legally reassign it unless he titles it (which means he pays tax and registration fees).