Title Trouble: Navigating the Legalities of Selling Cars Without Titles
Download MP3 Delving into a common yet risky practice: buying or selling cars without titles. Is it legal? What are the risks involved? Let's find out.
Key Points:
- In most states, it's illegal to buy or sell a car without a title. The title is a legal government document issued exclusively by a government agency.
- A recent case from New Mexico illustrates the consequences: a person was arrested for fraud after selling a vehicle without turning over the title, marking the third offense.
- While not every seller on platforms like Craigslist will face legal repercussions, the risks are significant.
- Even if you run a Carfax or similar VIN check, it may not reveal all potential issues with the vehicle's title, such as liens, salvage status, or ownership disputes.
- The safest way to proceed is to ensure you receive the title when exchanging money for the vehicle. However, even this can be fraught with risk, as some sellers may provide a duplicate title while retaining the original to commit fraud.
Recommendations:
- Verify the title's authenticity by visiting the DMV with the seller, exchanging money and titles, and officially transferring ownership.
- Seek legal advice before engaging in any transaction involving a vehicle without a title to avoid potential legal consequences.
Conclusion:
- Remember, a title isn't just a piece of paper; it's a crucial document for establishing vehicle ownership. Don't take risks when buying or selling a car—ensure you have the proper documentation to protect yourself legally.
