The Expert Podcast

You see a lot of these vehicles being sold at certain Salvage auctions or Copart or IAA and it says Parts only on the listing sometimes it'll say Parts only on the title or on your paperwork what can you do with this vehicle what's going on with parts only what parts only means is that the insurance company or the seller of the vehicle has determined that they don't want this to be sold as an actual vehicle they want it to be sold as guess what parts only so what you're supposed to do is buy this vehicle and take it apart and if you look at this vehicle you have a hood you have wheels you have glass presumably you have an engine transmission Drive Line interior parts computers airbags if you add all that up it's probably worth more than the car now you'd have the labor cost and the inconvenience of having to dismantle the vehicle but it's worth more and that's where a lot of these buyers at Copart and IAA are making their fortunes is by taking Vehicles apart but what if you come across one or you already bought one that's Parts only what can you do well you have to be very careful because if it is listed as Parts only and it's registered in the United States title system as a parts only vehicle all 50 states are aware of it or if you try to get a title they'll find out about it and they won't issue a title for a partson vehicle.

Can you export it well maybe you can but technically the export rules for CBP customers of boorder Patrol board protection require that a partson vehicle be dismantled into major component parts in order to be shipped out of the country so if you put down in your container you have a vehicle and you don't have a title for it or if the title is Parts only they're going to want to make sure that vehicle is dismantled can't go out in one piece now we do have a lot of export clients that are finding that that's not 100% enforced but if it is enforced and you now have your vehicle in a container now you have to take that container out of the bonding area dismantle it put it back in the container and ship it and that could cost a lot of money and more and more sections of CBP Savannah um Houston uh Port Elizabeth are starting to be more um cognizant of this and crack down on it.

So what if you want to put it back on the road well there's a few ways you can do that and we'll talk about it brief in this video but if you want more information you can click the link below and you can even schedule a live one-on-one consultation with a title agent myself to go over the options for your particular vehicle make sure you have your VIN number handy if you do a consultation but one of the things you can do is to reconstruct it into an assembled vehicle or a kit car uh you can also um use it as a major component part for uh another vehicle that does not have a uh um partson designation but beware of schemes that claim to flip the car among a few different states very quickly to catch one of them off guard that'll give you a title that doesn't say Parts only because there's a few schemes you can do to flip it around five or six different states in a very particular order very quickly where they won't catch it right away and they'll give you a title the problem is eventually that title will get revoked one they find out and if it's found that you did that flipping scheme it's called tital washing and it's a federal felony and if they see that you've done that they can actually prosecute you for that so be aware that some people try to do that it's less effective now than it used to be because most of the states now are all digitized but if you do get tempted to do that or if somebody offers to do that for you be aware it could get you into some big trouble so you may want to avoid that and if you do sell a vehicle that was Parts only under a clean title now that's also misrepresentation so if you're going to do something like that get good legal advice from an attorney so if you know the guys with the badges and the three letters on their coat show up at your door you can say my attorney told me it's okay because if not you're going to get into trouble Parts only vehicles are probably better off left alone no matter how cheap they are because by the time you go through the trouble of fixing it doing everything you're not going to make that much money right you'll make more money if you just took it apart and sold all the parts on Craigslist again if you do want more information on partson vehicles you can click the link below to get some written information or to schedule a consultation with a certified title agent.