nomorews6

iTrader: (7)

Has anyone here bought a car, and turned around & re-sold the car before putting it in their name? Is it legal, or can you get in trouble for something like that?

08-4door

iTrader: (5)

I have a few times don't know if it is legal.sold it to friends.

01 WS6 6.0

iTrader: (8)

Ive done this a few times before theres nothing wrong with it as long as the previous owner signed it, itll be like you he sold it to the person your selling it to.

ramairetransam

iTrader: (18)

call the dmv and ask them ?

MavrikTA

iTrader: (27)

Its illegal. Agreed with above. But, i do it regularly. As long as its signed by who YOU bought it from, its like the previous owner sold it to them.

l

Donohue96M6Z28

iTrader: (64)

I could be wrong, but I'm fairly sure it's illegal. It called title jumping.

AlamoTA

iTrader: (10)

Used car dealers do it all the time.

minytrker

iTrader: (13)

Its ILLEGAL!!! Floating Titles is NOT legal!

minytrker

iTrader: (13)

They fall under different rules.

Donohue96M6Z28

iTrader: (64)

If you have a dealers license, you're allowed to.

MavrikTA

iTrader: (27)

Hmm.... I never knew it had an official name!? Ive always called it "Im lazy and dont want to waste money on a vehicle Im not keeping". Lol

SLV_WS6

iTrader: (48)

Yes you can do it if you did not put your name on the title. No it's not legal. Will you get cought? Most likely not. If the title was dated there is a $25.00 a month late fee for not transfering it. Are you the one buying or selling?

v8sten

iTrader: (5)

if you signed the title you are screwed, as long as you havent signed the title and the title application you should be good. it may not be exactly legal but this is one of those things no one really cares about.

bill12690

iTrader: (4)

Saw a guy on judge judy that did it with a boat, man she wasn't happy lol.

neodamonkey

iTrader: (7)

She's never happy lol

high impact

iTrader: (5)

Just because you can get away with it doesn't mean it's legal or that no one cares. The government DOES care and will prosecute you if caught. They want their taxes. Dealers are licensed and must follow strict regulations to be able to resale. State law varies but limits private parties to only "x" number of transactions a year and do require you to title the vehicle.

SLV_WS6

iTrader: (48)

Not really. The original ownner can say the sale fell through. Or if he wanted to be a stand up guy and pay his taxes. He can go in pay his taxes and not transfer it to his. The guy he sells it to pays his taxes and it can go straight to his name.

SLV_WS6

iTrader: (48)

Yep it is against the law just like removing your cats on a street car or even street racing!!! No one on this forum ever breaks the law...

Turbo_Stang

iTrader: (3)

Is it illegal? Yes.
Are there loopholes to every law? Yes.
Trust me when I say that when you sell a car with your name not on the title you become a "Broker" meaning that you found a buyer for the said seller.(Buyer pays taxes)
Any title company will do this for you for a small fee.

eleanor1232

Yes it is illegal! Buyer is supposed to transfer title over to their name. But the probability of you getting caught is slim to none. Just make sure the seller doesn’t date the back of the title. If he does, then whoever gets title transferred in their name has 30 days (I believe), and if not transferred in that time frame = late penalties $$$.

Been there & done that, so good luck
;-)