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01/12/2023 at 2:57 PM #1201705

anwar87
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There are many common misperceptions about used car titles. Typically, people assume they must have the title if they want to sell it on. (Some may even wonder if it’s possible to sell a junk car without the title.) While it’s true that not having a title can be a red flag to many buyers, oftentimes, there’s a perfectly logical explanation as to why it’s missing. Perhaps someone abandoned the vehicle on the current owner’s property, or the original title was lost or stolen.
sälja bilen
In many cases, it is illegal to attempt to sell a car without a title. However, as long as the reason for the lack of a title is legitimate, you will still be able to sell your vehicle.

What Is The Title, and Why Is It Important?
A title, or pink slip, is the legal document proving a vehicle’s ownership. The Department of Motor Vehicles (DMV) is in charge of issuing titles to car owners, and it is up to sellers to issue the title to any new car buyers.

There are four types of car titles:

A clean title: the vehicle has never been involved in an accident that ended with the insurance company declaring the car a total loss
A clear title: the vehicle is owned free and clear, with no debt attached
A salvage title: the car has been involved in an accident in which it was declared a total loss by the insurance company
A rebuilt or reconstituted title: the vehicle was once salvaged but was rebuilt and is road-worthy again
Each title provides information such as the vehicle make and model, vehicle identification number (VIN), color, mileage, license plate number, and the owner’s name and current address.

There is also another type of title called a “bonded” title. If you bought a car that doesn’t have a title and are attempting to sell it, a bonded title would let the buyer know that the title comes with the label of “lost title bond.” This type of title protects both you and the previous owners if questions about the legitimacy of the vehicle ownership arise.

Usually, the dealership will give you the car’s title at purchase. However, if you are selling a used car, it is up to you to provide the buyer with proof of ownership. Providing the title proves that the vehicle is not stolen and you have the right to sell it.

09/23/2023 at 12:29 AM #1422899

victanda
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