Title problems | FerrariChat

Title problems

Discussion in '348/355' started by wmr120, Oct 12, 2006.

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  1. wmr120

    wmr120 Karting

    Sep 13, 2006
    68
    Illinois
    Full Name:
    Wil Ramirez
    Ok, here's the dilemma. I recently purchased an F355 approx. 3 weeks ago. Although I truely love the car, I am having the hardest time acquiring the title from the seller. I've even gone through the trouble of paying for an extensive people search to contact his relatives, neighbors, etc. but to no avail. The seller has received full payment from me and I have the vehicle but can't drive it due to lack of registration.

    The car was purchased in GA and transported to IL. I've contact the GA DMV, the GA local authorities, the IL DMV, and the IL Secretary of State's office but none of them were able to give me any real recommendations to getting the title.

    I suppose I can seek legal recourse however, anyone in the legal arena will agree that this will be a long drawn out process requiring excess legal fees and time away from work to resolve the issue in GA.

    I've also been told that I can file for a "bonded" title but will have to pay to get the vehicle appraised and once that is done, pay 10% of the appraised value to get this bonded title.

    Since when did the justice system punish the little guy rather than punishing the criminal? Does anyone have any other recommendations on acquiring this title?
     
  2. No Doubt

    No Doubt Seven Time F1 World Champ

    May 21, 2005
    72,740
    Vegas+Alabama
    Full Name:
    Mr. Sideways
    One of the truly great things about paying $50 to autocheck.com when you are verifying the history of your intended car purchase is that they insure your funds should the title not be as claimed (e.g. held by the seller, stolen, rebuilt from a scrapped car, etc.).

    You've got your VIN.

    So run your title search now and pay the $50 surcharge. If the title search comes up clean, then your title is insured (i.e. you got lucky and dodged a bullet).

    On the other hand, if you didn't do due diligence (i.e. running your title search prior to buying), then you might find that you don't have a clear title.

    In that case life is about to teach you a painful lesson.

    Good luck! Who knows, you may get lucky.
     
  3. No Doubt

    No Doubt Seven Time F1 World Champ

    May 21, 2005
    72,740
    Vegas+Alabama
    Full Name:
    Mr. Sideways
    For whatever it's worth, getting your cash back will be far more difficult than getting your title.

    However, in some cases and in some states you may still be able to hold the car as a track vehicle for races or some such. Touchy area, though.
     
  4. 285ferrari

    285ferrari Two Time F1 World Champ
    Sponsor

    Sep 11, 2004
    20,958
    MD and NE
    Full Name:
    Robbie
    I would think the GA MVA can do a title search for you. Maybe call and explain to them you purchased the car and have the car and bill of sale. They are going to be the ones you need to get some answer from since the title is currently held in that state.
     
  5. henryr

    henryr Two Time F1 World Champ
    Silver Subscribed

    Nov 10, 2003
    22,414
    Atlanta
    Full Name:
    Juan Sánchez Villa-L
    a serra blue 95 355 ?
     
  6. wmr120

    wmr120 Karting

    Sep 13, 2006
    68
    Illinois
    Full Name:
    Wil Ramirez
    I'm glad I did do my research on this vehicle. Prior to the purchase. I ran a carfax, had my friend who works for the DMV do a title search and everything came up clean. I will run the autocheck and hopefully come up with something. Thanks for the info. I'll let you know what happens.
     
  7. Nicksta

    Nicksta Formula Junior

    Sep 16, 2006
    535
    DC Ranch & NY, NY
    Full Name:
    Nick Ingle
    After dealing with the Arizona DMV for 3 months and probably 80 hours regarding paperwork errors with the title to my Mercedes, I can tell you that the better situation is when there is absolutely no paperwork. Yesterday I told them it was all lost (odometer statements, Texas title, Bill of Sale). Voila!, a new title in my name from the State of Arizona. I couldn't procure that with a Power of Attorney, Notarized Bill of Sale, Emissions, letter from the Dealership, and Level One Inspection form from a police officer. But go in and plea idiocy and you seem to be at their level.
     
  8. van22

    van22 Karting
    Silver Subscribed

    Aug 7, 2005
    227
    Absecon Island, New Jersey
    Full Name:
    VAN C
    just a stupid question, but prior to buying the car why didnt you have them fax you a copy of the title to prove ownership and the like. i bought my last 355 in cali last year but before i flew out to see the car i made the owner fax me a copy of his title. to make sure who owned it! flew in gave a deposit had horseless carraige pick the car up and balance was wired when car was picked up.
     
  9. GCalo

    GCalo F1 Veteran

    Sep 15, 2004
    7,645
    Northern California
    Full Name:
    Greg Calo
    Wil,

    You have your hands full for sure.

    Do I understand that you are now unable to contact the seller? If this is so, how did you contact him before?

    What was your manner of payment? If a certified check, your bank can provide you a cleared copy of the draft that will have the depositing bank info therein encoded.

    This can help you in your search.

    Have you checked to see if this is a stolen vehicle? Local police may be able to check on that for you.

    If the vehicle is stolen this is a major problem.

    If the vehicle was financed and he did not pay off the note with your $, the finance company has priority to the vehicle as they hold the title.

    It's a lousey situation for sure, but don't let it fester.

    Get all the answers ASAP so you can formulate a plan.
     
  10. Ingenere

    Ingenere F1 Veteran
    Owner Silver Subscribed

    Dec 11, 2001
    6,451
    On the Limit
    Full Name:
    Dino
    I can't tell from the original post if the car was purchased from a dealer or a private sale. If it's from a dealer, there should be recourse, as well as contact info. If the sale was private, this could be tougher.

    Dealers 'sometimes' float money and wait to pay off titles, which could be the delay. If it was private, did you find out if there was a lien on the car? If there was a lien on the car, it could take weeks to get your title...and that would be within the norm. However, the fact that the seller can't be contacted makes it a bit suspicious. Are his numbers disconnected, or has he just not returned your call?

    I have been buying and selling cars long distance for a long time and have never had trouble. Basically...due dilligence and groundwork will pay off in the long run. If anyone needs help, PM me, this doesn't need to be painful.

    Dino
     

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