Salvage titles

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Title jumping.... No thanks in this day and age. Tell the owner to get it in his name and you will go from there.....

JW
 
I agree there are risks, but if the last title is signed technically it is like cash. Who ever holds it owned it.

A way to deal with this is to inlist an escrow company. They hold the cash till the title is cleared.
 
The salvage title wouldn't bother me as much as the fact as it's not in the guys name. Tell him to meet you at any Ohio State Patrol office and have them inspect the vehicle. If it passes have him get the vehicle title in his name in Ohio. Then you buy it from him. I'm sure with all this Corona stuff going on you will have to call first but this way you are in the clear. Plus if there's a problem it's his not yours.
 
Submariner said:
Looking for some insight on this in case someone has been through this before. I have a chance to buy a pretty nice 69 Dart that is on a salvage title out of Ohio. The story is that it was a theft recovery. Not wrecked or damaged. I would be bringing the car back to PA and titling it here. I assume it would still have a salvage title? Are you able to specify it was a theft recovery and not a totaled vehicle? Does this type of thing really affect value on cars this old? I mean, most street rods that are built are on some type of reconstructed title. I will have a clear title in my name after I bring it back to PA but will I have trouble if I ever want to sell it myself some day? It’s the colors and options I have been looking for but just wanted a little educated advice before I pulled the trigger. Thank you!
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Its been a while but In CT - a salvage title means it can't be registered or driven on public roads. There is a process to have a vehicle "salvage inspected" that would allow "a title" to be issues. But I don't believe they use the same vehicle ID number. So what's issued is a state created VIN and has little to do with the OEM VIN. That means yes, it's less valuable because the interested parties will be less at ease with the documentation.

I'd rather have a totaled wreck with clean numbers than a car that looked good with a non-OEM vin. If it was me I'd pass. Find another car.
 
Dana67Dart said:
I agree there are risks, but if the last title is signed technically it is like cash. Who ever holds it owned it.

A way to deal with this is to inlist an escrow company. They hold the cash till the title is cleared.
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Not in Virginia. Name on the Title owns the car and can take possession unless there are circumstances such as liens and so forth. That's not saying it can't end up in Civil court but if I have possession of a car in my garage and you can prove your name is on the Title and all numbers are legit I will lose the car....

JW
 
If it has an Ohio title and it passes inspection by the Ohio State Police it is roadworthy. They know where the numbers are and will checked it over. It will be a "rebuilt salvage title"
 
And yes, who's name is on the title owns the car like said above. Also all of our BMV offices are closed right now so getting a title will take awhile. I just got a title done by mail but you have to have all your paper work correct and it take at least two weeks. The Wayne county office is the one I went through and I'm in Stark county. It's as mess right now. Good luck.
 
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Hellrats said:
And yes, who's name is on the title owns the car like said above. Also all of our BMV offices are closed right now so getting a title will take awhile. I just got a title done by mail but you have to have all your paper work correct and it take at least two weeks. The Wayne county office is the one I went through and I'm in Stark county. It's as mess right now. Good luck.
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The whole reason he is willing to sell the car cheap is because he doesn’t want to mess with all the State of Ohio stuff. I think i am just going to pass. It’s a good deal but not so good that I want the headaches.
 
Submariner said:
The whole reason he is willing to sell the car cheap is because he doesn’t want to mess with all the State of Ohio stuff. I think i am just going to pass. It’s a good deal but not so good that I want the headaches.
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If you want the car and can agree on the price you can always offer to do the legwork and try to get the title changed before completing the transaction.... If the seller is set in stone about not correcting this issue there is more to story and just like the movie, RUN Forest RUN!!!!!!

JW
 
Simple solution, tell him you will buy it but you want him to put it in his name first. Just cause your name is written on the tittle doesn't make it yours in the state of Fl. You buy a car from me and I sign it as seller and you never transfer it or lose it. I can go get a Duplicate tittle and guess who's name is on the tittle?
 
SGBARRACUDA said:
Simple solution, tell him you will buy it but you want him to put it in his name first. Just cause your name is written on the tittle doesn't make it yours in the state of Fl. You buy a car from me and I sign it as seller and you never transfer it or lose it. I can go get a Duplicate tittle and guess who's name is on the tittle?
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The guy basically wants to hand me the title with somebody else’s name on it and take the money and call it a deal. Leaving all the rest of it up to me. I heard about the car when I went to look at a 59 Dodge and passed on it. That guy told me about the Dart. I am walking away. The lure of a great deal clouded my judgment for a minute and in reality I am in the market for a 68-70 B body anyways.
 
Submariner said:
The guy basically wants to hand me the title with somebody else’s name on it and take the money and call it a deal. Leaving all the rest of it up to me. I heard about the car when I went to look at a 59 Dodge and passed on it. That guy told me about the Dart. I am walking away. The lure of a great deal clouded my judgment for a minute and in reality I am in the market for a 68-70 B body anyways.
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Smart man.... Now take that stash and look for what you want with a legit Title.

JW
 
I had this happen to me in my early 20s. Bought a car and didn't realize the title was in someone's name about 15 states away and not the guy I bought it from. The lady at the DMV gave me quite the lesson on it. Told me that under normal circumstances I would have to contact the real title holder and have him sign it over to me. Said if he was an ***, he could tell me that he's the title owner and take back claim of the car, leaving me hung out to dry on the money I spent.

After I nearly shat my pants, she told me she was going to help me out because she could tell I was being honest and didn't want to screw me over. After a few button presses on her computer, I was out the door and had the title in the mail a week later.
 
SGBARRACUDA said:
If he is legit, he will be willing to transfer it into his name first.
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The reason most guys do not want to put the cars title in their name/state is because they do not want to pay the sales tax on the car.
They plan to sell the car or don't want to license and drive it.

I have bought and sold cars like this in the past.
Of course as mentioned there can be some issues with this.
 
Submariner said:
The guy basically wants to hand me the title with somebody else’s name on it and take the money and call it a deal. Leaving all the rest of it up to me. I heard about the car when I went to look at a 59 Dodge and passed on it. That guy told me about the Dart. I am walking away. The lure of a great deal clouded my judgment for a minute and in reality I am in the market for a 68-70 B body anyways.
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Hi Submariner
I might be interested in that Dart, even with all the issues you mentioned.
If your no longer interested let me know.
PM sent
Thanks
Matt
 
Submariner said:
So, to make it even a little more convoluted, the seller never titled it in his name. The salvage title is in the name of the person he got it from. Car is priced under what the value should be (not half, but 7-10k under where it would normally be). The title is signed by the guy he got it from.
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I would never buy any car over 1,000 dollars from a title jump to begin with. If it is not worth the seller to put it in his name to resell it it is not worth buying it besides in Michigan it is illegal to title jump any car. You cant even scrap a car without the title being in your name here. The salvage for me would be 50 percent of value without a title jump. You were smart to pass.
 
Salvage title ? is that where someone gets a stolen car towed, and then buys it from the salvage yard ?
 
trapster said:
Salvage title ? is that where someone gets a stolen car towed, and then buys it from the salvage yard ?
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Generally it's after an accident, or other damage like flood. Insurance totals the vehicle. If it gets sold as parts car it will carry a salvage title.
 
trapster said:
Salvage title ? is that where someone gets a stolen car towed, and then buys it from the salvage yard ?
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It can be, it depends on the laws in that particular state. Here any car sold by an auto dismantler carries a salvage title. So even if the car was never parted, but say was donated or purchased by a wrecking yard it would have a salvage title. It could also be a stolen car that was recovered and returned but totaled by the insurance company. Or any car totaled by the insurance company. With new cars that usually means a significant amount of damage. But with a classic some of the blue book values are actually pretty low, so if a car wasn’t insured for stated value it could be totaled for a pretty minor deal.

But those laws do vary some state to state, so it’s best to find out exactly what it means where you’re at.

Same for buying a car with a salvage title. In California I wouldn’t be worried at all about buying a classic with a salvage title as long as all the title and registration paperwork was up to date and squared away. But in some other states it can be a colossal pain in the ***, and not necessarily worth the hassle.
 
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It is this story I am talking about , Where the "person" who possessed the stolen car attempted to get a salvage title by letting a storage bill go into default. The storage company contacted the owner of the car, but before the real owner could get their car from the storage lot the person who put it in there paid it off and got it out. The owner eventually got their car back, but not before the "Person" stripped it. I would just be wary of a salvage title on a car that is in good shape.
 
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