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re: What's the worst that could happen? (Auto sale)
Posted on 4/10/16 at 9:18 am to fightin tigers
Posted on 4/10/16 at 9:18 am to fightin tigers
The buyer can't register the car or get insurance without a bill of sale. The fact that he paid full ask with cash means he is up to sneaky stuff.
I would contact my insurance company and immediately cancel coverage and go to the DMV and explain the situation. Be honest and tell them you forgot about the Bill of Sale.
You need it recorded in the system. You have not done anything wrong so far other than make a mistake. Tell them you have not done this kind of thing before.
I would contact my insurance company and immediately cancel coverage and go to the DMV and explain the situation. Be honest and tell them you forgot about the Bill of Sale.
You need it recorded in the system. You have not done anything wrong so far other than make a mistake. Tell them you have not done this kind of thing before.
2
Posted on 4/10/16 at 9:29 am to SECdragonmaster
quote:
The buyer can't register the car or get insurance without a bill of sale. The fact that he paid full ask with cash means he is up to sneaky stuff
The title has it's own bill of sale. As long as he turned in his tags before canceling the insurance, it shouldn't matter.
quote:
You have not done anything wrong so far other than make a mistake.
Not true. The buyer is under no obligation to register the car. If he has a relative that is notary, he can write whatever he wants in the sales price line on the title, pay sales tax and the DMV, get insurance, get tags, ect ect. The only issue that can come up, assuming he can get the title notarized, would be if he falsified the sales price to save on taxes. That a buyers problem, not a sellers problem.
As long as the seller signed the title and handed it over, it's a fair deal. The only reason you would need a notary is if you didn't have one who was willing to notarize the title without the seller present. The
The OP did nothing wrong as long as he turns in his tag.
This post was edited on 4/10/16 at 9:31 am
Posted on 4/10/16 at 9:34 am to Barf
Good info to know. Thanks.
Alabama won't do any of that without a bill of sale. I know this because my wife tried to do it after she left the bill of sale on the table.
She had to make two trips.
Alabama won't do any of that without a bill of sale. I know this because my wife tried to do it after she left the bill of sale on the table.
She had to make two trips.
Posted on 4/10/16 at 9:43 am to SECdragonmaster
You don't need a bill of sale. Everything needed in a bill of sale is already on the back of the title. It might be a good thing to have as a seller but it is by no means a requirement. When you go to the DMV to pay sales tax and registration, the sales price will already be on the title unless you're using an act of donation.
All of you OT ballers should know this shite already unless you're still financing cars.
All of you OT ballers should know this shite already unless you're still financing cars.
Posted on 4/10/16 at 9:46 am to Barf
quote:
falsified the sale price
Probably all that's going to happen. Just make sure you turn the plate in tomorrow.
This post was edited on 4/10/16 at 9:47 am
Posted on 4/10/16 at 9:49 am to 3deadtrolls
You can sell a car for whatever you want as long as you own it, but the buyer is supposed to pay sales tax on the value of the car. There is an act of donation in Louisiana, you can give your car away as long as the bank doesn't have the title. Taxes on a donation are zero.
Posted on 4/10/16 at 9:53 am to 3deadtrolls
quote:
Just make sure you turn the plate in tomorrow.
Yep. Does it have to be the DMV or can one of those title places do it?
Posted on 4/10/16 at 9:56 am to fightin tigers
DMV. Either in person or by mail. I like to go in person, if you're in Baton Rouge they take the plate at the check in desk and give you a receipt.
You will need the registration as well. You will also need your drivers license if you plan on going to the DMV in person
Office of Motor Vehicles
P.O. Box 64886
Baton Rouge, LA 70896
You will need the registration as well. You will also need your drivers license if you plan on going to the DMV in person
Office of Motor Vehicles
P.O. Box 64886
Baton Rouge, LA 70896
This post was edited on 4/10/16 at 9:59 am
Posted on 4/10/16 at 9:59 am to Barf
Barf is correct
Posted on 4/10/16 at 10:00 am to Barf
In New Orleans, thabks for the info.
Posted on 4/10/16 at 10:04 am to Flamefighter
quote:
Barf is correct
Posted on 4/10/16 at 1:36 pm to SECdragonmaster
I wouldn't cancel coverage until I knew it was out of my name
Posted on 4/10/16 at 3:19 pm to Tigerswillprevail
quote:
Report it stolen
Get it back
Resale
Profit
Only do this if you think they are illegal immigrants.
Posted on 4/10/16 at 3:24 pm to fightin tigers
Now who are you going to pass those fake hundred dollar bills to?
This post was edited on 4/10/16 at 3:26 pm
Posted on 4/10/16 at 4:41 pm to fightin tigers
Congrats on the warrant for drug trafficking.
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