KymcoForum.com
General => General Discussion => Topic started by: blue on May 31, 2016, 12:31:18 AM
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I have a 50 cc moped Im saleing for my wifes brother.He Is to old to ride it. And had it for 2 years and never got the title in his name put the last owner did sign it over to him . Is that ok or am I going to have a hard time ...
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I think that would only be an issue if it had to be registered or some one out of the blue appeared and claimed it was their stolen property. Who ever has title, owns that scooter maybe.
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I think that would only be an issue if it had to be registered or some one out of the blue appeared and claimed it was their stolen property. Who ever has title, owns that scooter maybe.
Yes...name on title owns the vehicle.
I sold an Audi 4000S one time. ....GREAT car!!....to a lady on a Sunday for cash.
Her sister a notary she said....do it later.
She never got it taken care of.
6 mos later repair shop called....if I didn't pay $250 they were going go impound it and sell it.
Guy said...."whatever. ..just pay us the $250 and you can have your Audi back!!" She had knocked oil pan off on parking block.
I told him that wasn't right....just go ahead and impound and sell it.
Learned a good lesson. Get deal notorized properly!!
Stig
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I think that would only be an issue if it had to be registered or some one out of the blue appeared and claimed it was their stolen property. Who ever has title, owns that scooter maybe.
Don't like ( MAYBE )
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Yes...name on title owns the vehicle. I sure hope so I don't need any issues.............I do know here the DNV has changed the way of buying and saleing mopeds because to many are being stolen and sold . they wont do lost title any more..........so now to many are being sold with out title or as parts bike.They now have a paper you sign saying that you are saleing for parts.........
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It's called "title skipping" and is illegal in most states. If your brother-in-law signed the title as the buyer, you will have problems selling it unless he gets the title put in his name. If he never signed it as the buyer and the title is "open", you should be alright.
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It's called "title skipping" and is illegal in most states. If your brother-in-law signed the title as the buyer, you will have problems selling it unless he gets the title put in his name. If he never signed it as the buyer and the title is "open", you should be alright.
Thanks that take a little of my worrys away..........The think I worry the most about. the last owner signed it 2 years ago. And was never put in his name....Wil they question that......
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I'm presently dealing with same thing with my Kymco that is for sale. Bought from original owner back in March and purchased to flip it. Bike was last registered 2 years ago. Never put the title in my name and ran into a problem recently. I had a buyer for the bike but they backed out because bike was never registered in my name and they were worried about problems with title transfer and any penalties levied. Went to my Texas tag office and they ran the VIN on my scooter. They said if the title was not dated but signed there would be no penalties and would cost 158.00 to register and get tags. If it had been previously dated they levy penalties with a cap of 350.00. Fortunately the seller of my scooter did not date the title and will register in my name as soon as I get it inspected. BTW, did not know title skipping is illegal and will not go that route again. Generally though I usually purchase to own and get it transferred into my name.
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They said if the title was not dated but signed there would be no penalties and would cost 158.00 to register and get tags. If it had been previously dated they levy penalties with a cap of 350.00. Fortunately the seller of my scooter did not date the title and will register in my name as soon as I get it inspected.
And what if the seller turned in a dated release of liability? When you sell something you should fill out and turn the release of liability form to protect yourself against things the purchaser might do with it. I'm sure no one likes paying tickets or property damage for someone else.
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And what if the seller turned in a dated release of liability? When you sell something you should fill out and turn the release of liability form to protect yourself against things the purchaser might do with it. I'm sure no one likes paying tickets or property damage for someone else.
Good point. One of my bikes I sold the buyer did not re-register in his name and I was getting bills for his use of toll roads in Dallas. I ended up paying it as it was too much hassle to fight it.
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Got things taken care of. No problem..........