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69 Chevelle L78
This car was just posted locally, does anyone have experience getting a title in illinois?
https://chicago.craigslist.org/chc/c...311643533.html |
Pretty sure that is the car Helmut here bought.
Dan is helping him sell it. |
I thought it looked familiar
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You can get a bonded title from a local insurance agent. Call your auto/home insurance provider and ask.
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I would be happy to show the car to anyone that is interested.
This Chevelle is sooooo worth saving :D Dan |
Maybe ill see ya at jefferson Dan.
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Yes you will :D
Dan |
"Bonded Title"
Quote:
Bill |
I believe it takes two or three years for you to get the title you have to put up a bond and if no one claims it you get the title
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I got a bonded title through my insurance company in a few weeks when I asked.
The bonded title allows you to own the car, but also covers you if someone comes forward with proof of ownership. No one came forward on the car I did this on, and I was able to sell it a couple years later, but may have been able to sell it much sooner, not sure. |
So with the bonded title, after a certain amount of time, sounds like 2-3 years, do you get a clean title?
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It's called an indemnity bond. I have used the Bond Exchange to source this paperwork here in Charlotte. I had a title that was improperly filled out and had to go this route.
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If the car has a clear out of state title now why couldn't you just transfer it when you go to the Secretary of State's office and register the car?
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I just went thru this on a car. The bonded title is just like what everyone has said with one exception. You must deposit a dollar amount equal to the purchase price of the car (which they fail to tell you when you apply and they send you the documents to fill out) and they keep your money for three years in case the previous title holder comes forward. I am going thru this now because the previous two owners on my car signed the title but never changed it over into their names.
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Geezzze -- I guess this is word to the wise ... make sure you know the rules of engagement in your local/state before entering the dark side ... some laws/rules/procedures really suck! ... TAZ
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So, if paying the purchase price, id have to put down an additional 10k? Or did i misunderstand that?
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Or you could use broadway title.
https://broadwaytitle.com/ As long as the car is not reported stolen there are several states that do not title cars this old, they sell the car to (someone?) in that state, then back to you with the appropriate paperwork to title in your state. Very reasonable for the service the last time I had to use them. Took about 45 days, that was several years ago for me. Rich |
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