Rarely, does a week go by, here at Florida Fast Title Service Inc., that we do not receive a call from a panic stricken person who has recently purchased a vehicle from either craigslist or eBay that has either a defective title or no title at all. Now, with that being said, I am still a huge fan of both of these sale venues, and I believe they are a fantastic tool for finding a vehicle. You just need to be smart about transacting your purchase. I just cannot stress enough how important it is that you do your homework before handing over your hard earned cash. I see professional intelligent people weekly who find themselves with a major title problem.
Here are some tips to checking that title validity.
- Make sure that the person selling you this vehicle is actually listed as the titled owner. Not just signed over to them.
- Make sure there are no erasers, corrections, or strike outs on the title. ( in many cases this voids the title all together)
- Get a separate bill of sale! ( This is usually needed by the DMV to process)
- Make sure vehicle does not have any brands such as salvage, flood etc.
- Contact your local DMV and make sure the title you are holding in your hand is the most recent title issued.
- Run a Carfax report.. ( The extra $20.00 is well worth it)
- Contact your local police department and ask them to run the V.I.N and make sure the vehicle is not stolen.
- Always get a good contact name, number and address from the seller, in case you need his help later.
- No matter how tempting, don't under disclose the value of the vehicle. The few dollars in sales tax you save is not worth the penalties when you get caught.
- If at all possible... GO TO LOCAL DMV WITH THE SELLER, have the title transferred into your name as you are finalizing the sale.
Happy Hunting People!!!!
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