What is the name of your state? California.
Probably not the right forum but figured someone here would know. Acquaintance bought 1999 vehicle in 2003 from dealer in the LA area. Loan financed by local strip mall lender. Loan paid off last month, all payments on time. Buyer paid sales tax on vehicle at time of purchase along with a $35 end of loan transfer fee, paperwork does not specify transfer of what. Lender supplied purchaser with title to vehicle listing purchaser as registered owner and loan company as legal owner along with a statement that the loan was paid in full. Purchaser took title and statement to DMV to tranfer legal ownership and was told it will cost her over $600 to transfer the title. The largest chunk of this is for sales tax which she previously paid. She was also told that she needed a smog test too.
I am not sure of the laws in California but this would not fly in Washington. I have paid off a number of vehicles and the lender has always presented me with a clean title listing me as both registered and legal owner shortly after paying off the loan. I told her to return the title to the lender and tell them it is there job to transfer legal ownership, not her's. Is she getting jerked around in this deal?
Probably not the right forum but figured someone here would know. Acquaintance bought 1999 vehicle in 2003 from dealer in the LA area. Loan financed by local strip mall lender. Loan paid off last month, all payments on time. Buyer paid sales tax on vehicle at time of purchase along with a $35 end of loan transfer fee, paperwork does not specify transfer of what. Lender supplied purchaser with title to vehicle listing purchaser as registered owner and loan company as legal owner along with a statement that the loan was paid in full. Purchaser took title and statement to DMV to tranfer legal ownership and was told it will cost her over $600 to transfer the title. The largest chunk of this is for sales tax which she previously paid. She was also told that she needed a smog test too.
I am not sure of the laws in California but this would not fly in Washington. I have paid off a number of vehicles and the lender has always presented me with a clean title listing me as both registered and legal owner shortly after paying off the loan. I told her to return the title to the lender and tell them it is there job to transfer legal ownership, not her's. Is she getting jerked around in this deal?