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Message
"Open Transferring" Car Title To Auto Repair Shop?
Posted on 5/3/18 at 5:03 pm
Posted on 5/3/18 at 5:03 pm
Got an old vehicle that I decided to not have repaired and just want to sell instead.
The mechanic who looked at it sells cars, and he's telling me that if he purchases it, all I have to do is sign the back of the title, turn in the plate to the DMV, and then wait a few days to drop the insurance.
When I asked about whether I'd have to do anything with a notary, he said the (eventual) new buyer signs the title, purchases the vehicle from the shop, and then all the papers are turned in to the title company, nothing else required from me.
Is this really all I have to do?
Thank you in advance!
The mechanic who looked at it sells cars, and he's telling me that if he purchases it, all I have to do is sign the back of the title, turn in the plate to the DMV, and then wait a few days to drop the insurance.
When I asked about whether I'd have to do anything with a notary, he said the (eventual) new buyer signs the title, purchases the vehicle from the shop, and then all the papers are turned in to the title company, nothing else required from me.
Is this really all I have to do?
Thank you in advance!
This post was edited on 5/3/18 at 5:04 pm
4
Posted on 5/3/18 at 5:05 pm to BrockLanders
Pretty much
ETA: once you sign the title and hand it over to someone you’re done, kudos to the guy for reminding you to remove the tags
ETA: once you sign the title and hand it over to someone you’re done, kudos to the guy for reminding you to remove the tags
This post was edited on 5/3/18 at 5:16 pm
Posted on 5/3/18 at 5:11 pm to BrockLanders
I did that years ago with a car that the transmission went out on. It would have been more expensive to get it repaired so I sold it to the shop where it was at. I don’t remember what I had to do but it was a simple transaction
Posted on 5/3/18 at 5:15 pm to Miketheseventh
quote:
ETA: once you sign the title and hand it over to someone you’re done, kudos to the guy for reminding you to remove the tags
The part I'm not sure about is how the owner doesn't have to be there with the new buyer when the purchase gets officially notarized?
This post was edited on 5/3/18 at 5:20 pm
Posted on 5/3/18 at 5:18 pm to BrockLanders
Once you sign the title and hand it over, you’re done with it, sort of like writing out a check and leaving “pay to the order of” blank
This post was edited on 5/3/18 at 5:19 pm
Posted on 5/3/18 at 5:20 pm to 777Tiger
quote:
Once you sign the title and hand it over, you’re done with it, sort of like writing out a check and leaving “pay to the order of” blank
Thanks, I just want to be absolutely sure. I figure I should call the DMV just to be on the safe side as well.
Posted on 5/3/18 at 5:20 pm to BrockLanders
The notary is verifying the seller's signature. I would guess that the guy has access to a notary who doesn't mind breaking the rules.
Why does it matter to you if he gives you the money?
Why does it matter to you if he gives you the money?
Posted on 5/3/18 at 5:21 pm to TSLG
quote:
The notary is verifying the seller's signature. I would guess that the guy has access to a notary who doesn't mind breaking the rules. Why does it matter to you if he gives you the money?
Oh, I don't care as long as nothing comes back to bite me in the rump. Just making sure nothing like that could happen, you know, a letter from the state one day, etc...
Posted on 5/3/18 at 5:21 pm to TSLG
Doesn’t hurt to have it notarized, but not necessary
Posted on 5/3/18 at 5:28 pm to 777Tiger
quote:
Doesn’t hurt to have it notarized, but not necessary
Technically, you're right, but good luck at the dmv if you don't have the seller's or one of two witnesses' signatures notarized.
To the op:
You should be good if you cancel the plate before you drop the insurance. You can even cancel the plate online in Louisiana.
If you want to take it a step further, for whatever reason, you can print out a bill of sale off the omv's website and have your buyer sign it for your records.
DISCLAIMER: Only retards get legal advice on a message board. Although my info is good for Louisiana, the retard statement still applies.
Posted on 5/3/18 at 5:32 pm to TSLG
quote:
To the op: You should be good if you cancel the plate before you drop the insurance. You can even cancel the plate online in Louisiana. If you want to take it a step further, for whatever reason, you can print out a bill of sale off the omv's website and have your buyer sign it for your records.
Well, the thing is, I will have no idea who that buyer will be, since the auto repair shop is pretty much a middle man. It could sit there for a month with no buyer, and then it gets purchased from the auto shop. Obviously not gonna be around for that...
Posted on 5/3/18 at 5:34 pm to BrockLanders
Who cares who ultimately buys it? once you sign the title over to the shop, it’s theirs
Posted on 5/3/18 at 5:44 pm to BrockLanders
Tell him you are also going to report the transfer online to the dmv. https://expresslane.dps.louisiana.gov/Notice_of_Transfer/VT_page_1.aspx
You’ll need info from him to do that. Make a copy of the signed title. Otherwise, if, prior to the car being retitled, somebody driving that car kills someone or does damage, you may find yourselves in a lawsuit unless you can prove you sold the car.
You’ll need info from him to do that. Make a copy of the signed title. Otherwise, if, prior to the car being retitled, somebody driving that car kills someone or does damage, you may find yourselves in a lawsuit unless you can prove you sold the car.
Posted on 5/3/18 at 5:49 pm to BrockLanders
quote:
Well, the thing is, I will have no idea who that buyer will be, since the auto repair shop is pretty much a middle man. It could sit there for a month with no buyer, and then it gets purchased from the auto shop. Obviously not gonna be around for that...
Do you trust the shop not to frick you? They could say that they paid you cash for the car, and you signed the title in front of their notary. Other than that, you're good; notaries verifying a previously signed title happens ALL THE TIME in the car business.
Another option would be for you to execute a power of attorney giving the shop authority to execute any documents necessary to transfer the vehicle; however, that might cause the shop to say frick selling your car.
Eta:
I read the opportunity again. Disregard some of the shite above. You talking about not know the "buyer" confused me.
You're good if they are paying you up front. He's probably not a licensed dealer, and he isn't signing as the buyer to avoid his eventual buyer from dealing with a double transfer.
Technically, he is your buyer, but he isn't going to want any paper work if he's not doing it 100% on the up and up.
Like he said, you just have to take the money, sign the title, cancel the plste, and finally cancel your insurance. As far as you know, he is correct.
Screenshot the online cancellation receipt.
This post was edited on 5/3/18 at 5:56 pm
Posted on 5/3/18 at 5:50 pm to BrockLanders
Are they (the shop) paying you anything for the vehicle?
If not, go get it and make a couple hundred at the scrap yard or call a company that will come get it from you on their dime and also pay you scrap value.
They may just be getting one by on ya. They tell you it isn’t worth it to fix , you sign over title to shop owner , he fixes cheap and keeps or sells for profit.
If they’re paying you something for the vehicle already, then make sure to get a bill of sale and you’ll be alright.
If not, go get it and make a couple hundred at the scrap yard or call a company that will come get it from you on their dime and also pay you scrap value.
They may just be getting one by on ya. They tell you it isn’t worth it to fix , you sign over title to shop owner , he fixes cheap and keeps or sells for profit.
If they’re paying you something for the vehicle already, then make sure to get a bill of sale and you’ll be alright.
Posted on 5/3/18 at 5:54 pm to NashBamaFan
quote:
Are they (the shop) paying you anything for the vehicle? If not, go get it and make a couple hundred at the scrap yard or call a company that will come get it from you on their dime and also pay you scrap value. They may just be getting one by on ya. They tell you it isn’t worth it to fix , you sign over title to shop owner , he fixes cheap and keeps or sells for profit. If they’re paying you something for the vehicle already, then make sure to get a bill of sale and you’ll be alright.
They would definitely be purchasing it from me, not giving it away to them.
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