Question:
When you sell or trade a car to a dealer and the car has no lien on it, does the seller have to sign the title along with record the price on the title? This is how it is done on a person to person sale but I was wondering if this for some reason doesnt apply to person to dealer.... because the dealer I just sold the car to didnt ask me to sign the title.
Answers:
Which Car to go for under 5 lacs budget and which one Petrol or Diesel engine?
The dealership didn't need you to sign the title because they did have you sign a power of attorney, which allows them to sign your name on the title. And no, you don't have to record a price, you do this when you sell to an individual so that the state can collect the proper amount of sales tax owed, but a dealer doesn't have to pay tax, they will collect tax when they resell the vehicle. (Unless they wholesale it)How are things worth buying on Ebay when you pay so much for shipping?
Yes, the seller must sign the title. If you traded a car without signing the title, expect a call from the dealer pretty soon.You either have to sign the Title, or a Power of Attorney.
how do i find a 1968 camaro body for sale?
If you did neither, the dealer will send you a Power of Attorney to sign, and that POA is only good for that vehicle.
You do not put in the price, for the dealer uses that same title (unless it is out of Re-assignment spaces) when the sale the vehicle.
More Questions & Answers ...
This article contents is post by this website user, CarQnA.com doesn't promise its accuracy.
Copyright 2006-2008-2007 CarQnA.com. All Rights Reserved.