bluefitness
Member
What is the name of your state (only U.S. law)? FL
There was a dealer on craigslist posing as a private seller. I've made several transactions for motor vehicles through a private party sale, and it is a straight forward procedure. The guy said he had the title in hand. My relative decided he wanted to purchase the car. When I asked for the title, the guy started producing dmv paperwork. I told him that I wasn't handing over the cash, unless I get a signed title. He said that isn't how it works with a dealer sale. This is the first time he disclosed that he was a dealer, so I was a little ticked off. To make a long story short, I ended up walking away from the deal.
My question is:
Is there any reason why a dealer can not hand over a paper title at the time of sale? He was saying that dealers have to hold onto the title and that my relative would need to get a new title issued at the DMV. I know this is how it works with electronic titles which a lot of dealers use. The dealer is supposed to submit the buyers info, proof of insurance, etc. to the dmv for you. He wanted to just give him a bill of sale with the dmv forms. I told him there should be no reason why he shouldn't be able to give me the paper title. He said the car is titled under his dealerships name. All FL titles have a lines under section where a dealer can put his license number and tax id number. Moreover, the entire back has dealership reassignment.
There was a dealer on craigslist posing as a private seller. I've made several transactions for motor vehicles through a private party sale, and it is a straight forward procedure. The guy said he had the title in hand. My relative decided he wanted to purchase the car. When I asked for the title, the guy started producing dmv paperwork. I told him that I wasn't handing over the cash, unless I get a signed title. He said that isn't how it works with a dealer sale. This is the first time he disclosed that he was a dealer, so I was a little ticked off. To make a long story short, I ended up walking away from the deal.
My question is:
Is there any reason why a dealer can not hand over a paper title at the time of sale? He was saying that dealers have to hold onto the title and that my relative would need to get a new title issued at the DMV. I know this is how it works with electronic titles which a lot of dealers use. The dealer is supposed to submit the buyers info, proof of insurance, etc. to the dmv for you. He wanted to just give him a bill of sale with the dmv forms. I told him there should be no reason why he shouldn't be able to give me the paper title. He said the car is titled under his dealerships name. All FL titles have a lines under section where a dealer can put his license number and tax id number. Moreover, the entire back has dealership reassignment.