What Is a Car Title?
A car title with a lien on it means that it has been used as collateral for a loan and cannot be sold without permission. The person holding the lien can also force the car to be sold to cover debts that are in default. The motorcar as well lists the vehicle identification cipher (VIN) and milage. This is to constitute decided that the original parts are still installed and the odometer has not been tampered with.
Transferring a Title
If you are buying a new car, the car dealership will usually take the care of the registration, and the title will be mailed to the new owner by the Department of Motor Vehicles. In a private sale, the old title is signed by the old owner and given to the new owner to take to the Department of Motor Vehicles. If the seller does not have a current car title, do not buy the car because it is likely stolen. After the paperwork is submitted, the Department of Motor Vehicles will mail a new title. The paperwork includes submitting the current mileage to compare with the previously recorded number to make sure the mileage is reasonable and not fraudulent.
Special Notations on a Title
There are several notations on a title that signify a specific event in the life of the car. For instance, a car title marked as "salvage" means that a car has been declared totaled, or not worth repairing, by an insurance company, and that the car was bought as a junk car and rebuilt with third-party parts. The only way for a car to avoid being marked as salvaged if it is totaled is for the owner to not report the accident to the police and to do the repairs by himself so it is unrecorded.A vehivle designation is a legal information issued by the community Branch of Engine Vehicles. This list gives the brand of the ongoing owner, where the male lives, hookup approximately the machine and the time the vehivle was sold. Achieve not amass the van term in the machine; rather, conserve it in a seperate sheltered lay since provided the van is stolen, the thief Testament bear the term.
