The Expert Podcast

…Here's another reason why not to buy a vehicle without a title because perfect example this happened in Texas where a woman who was trying to sell a vehicle without a title. With discounted price. But it was a rented car She rented it from an auto rental place and it was trying to sell it now. You may think well if I buy a car with a bill of sale aren't I in good shape I check to see if it's stolen or liens. And it was a clean title Well here guess what if you…were trying to buy the car from this woman? And you did a title. check on it It wouldn't show any lanes because it's a rental car. It wouldn't show stolen because she rented it. And you would think that maybe. Everything's okay. But unless you're physically handed a title at the time of purchase and that title is valid meaning that the name of the person on the title is the same as who you're buying it from It's properly signed over It's a legitimate title. you still could have problems but if you're not getting a title, you're at risk of losing all your money. Unless everything goes right with your title recovery

title Recovery is different than just a title transfer. When you buy a car and you get a title handed to you, you just sign the back it gets transferred to your name. If you don't get a title when you buy it you have to go through a lot of hassle to get that title. A bill of sale by itself is not enough to get you a title. Right. Like in this case. If this person gave you a bill of sale… It's not going to help you get a title That's just a receipt of somebody taking your money It doesn't prove that you're the owner of the car doesn't even prove that they were the owner of the car. So a title check might be something that you think is going to put you in a clear, but if you did a title check on this person's car. It's not going to be reported stolen It's not going to have any liens not going to say salvage no back taxes it'll all look legit like a clean title, but you're going to be out of your money. She tried to sell it for $10,000. If somebody paid her the 10,000 and took the car. And once it got found out the car would be revoked from you. And you will be out your money. Because the Rent-A-Car company is not going to give you their car for free. And you're not gonna be able to get that money back from the, from the scammer because they probably spent it. So your out your money.

So the moral of the story is do not buy a car without a title because you're at risk of doing it Look if you buy an old barn find cheap car without a title, the risk is a lot lower, but. Still until you have that magic certificate issued by the government of a title with your name on it. Your money's completely at risk, and there's a lot of things that could come up that keep you from getting a title. All the tools and resources to try to get a title we have on our website. But remember until you have that title in your hand, your ownership is at risk because you're not considered a legal owner until that title is issued by the government with your name on.