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Old 01-13-2015, 11:57 AM
 
Location: Folsom, CA
37 posts, read 56,139 times
Reputation: 70

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Hello City-Data....

I'm hoping a DMV-savvy reader might be able to give good advice.

I just bought a vehicle from a seller who purchased it less than a week ago from an insurance auction. The vehicle has a salvage title. That is not the issue....I'm fine with the condition and history of the vehicle.

The seller is not going to transfer title to his name and suggested I put my name next to his company name on the title transfer (so it looks like I bought it at auction.) The guy is local and I'm not worried about him stealing it back or anything.

If I join our two names with OR and not AND, I will only need one of our signatures (mine) down the road to remove one name from title. Should I do this, or should I line-out his company name and put my name next to it on the back of the title and on the Vehicle Reassignment Form? No other info for his business is on either form (no address, license, etc.) so it would be fairly free of errors except for the one line through his company name on each document.

Please spare me the replies that I should've walked or similar. The seller obviously has some issues, and I understand he's avoiding tax. That his issue. I simply want to put a good vehicle back on the road (for my use) at a good price. The title issue can be sorted out, and he said if there's any problems with it he will be happy to help.

Thanks in advance for any help/guidance.
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Old 01-13-2015, 12:02 PM
 
Location: la la land
27,213 posts, read 11,367,475 times
Reputation: 19290
I wouldn't do it. He can give you the pink slip and a notarized bill of sale transferring ownership to you.
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Old 01-13-2015, 12:44 PM
 
Location: Folsom, CA
37 posts, read 56,139 times
Reputation: 70
I already have the pink slip.

I forgot another option. I can simply leave his company name on title. And below it in the "Second Reassignment" section put my information. This is totally acceptable as far as I've read. I will simply have to pay the transfer fee twice. I'm not sure how much that transfer fee is though.

Thoughts?
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Old 01-13-2015, 01:00 PM
 
Location: la la land
27,213 posts, read 11,367,475 times
Reputation: 19290
Sorry, I never heard of 'second reassignment' why don't both of you go to DMV together and have them sort it out?
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Old 01-13-2015, 01:44 PM
 
Location: Folsom, CA
37 posts, read 56,139 times
Reputation: 70
Yeah...I could I suppose. On the back of all of the newer titles it reads First Reassignment up top, and Second Reassignment below it.
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Old 03-19-2015, 09:03 PM
 
1 posts, read 1,173 times
Reputation: 10
Quote:
Originally Posted by 20five View Post
Hello City-Data....

I'm hoping a DMV-savvy reader might be able to give good advice.

I just bought a vehicle from a seller who purchased it less than a week ago from an insurance auction. The vehicle has a salvage title. That is not the issue....I'm fine with the condition and history of the vehicle.

The seller is not going to transfer title to his name and suggested I put my name next to his company name on the title transfer (so it looks like I bought it at auction.) The guy is local and I'm not worried about him stealing it back or anything.

If I join our two names with OR and not AND, I will only need one of our signatures (mine) down the road to remove one name from title. Should I do this, or should I line-out his company name and put my name next to it on the back of the title and on the Vehicle Reassignment Form? No other info for his business is on either form (no address, license, etc.) so it would be fairly free of errors except for the one line through his company name on each document.

Please spare me the replies that I should've walked or similar. The seller obviously has some issues, and I understand he's avoiding tax. That his issue. I simply want to put a good vehicle back on the road (for my use) at a good price. The title issue can be sorted out, and he said if there's any problems with it he will be happy to help.

Thanks in advance for any help/guidance.


So what happened with this, was it fixed and how'd you do it?
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