Norm, dealer cannot sell mv without title!


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Posted by wondering on Thursday, January 02, 2003 at 6:35PM :

In Reply to: Re: VPW a licensed dealer in Iowa,? no title4 truck? posted by MoparNorm on Wednesday, January 01, 2003 at 1:02PM :

Go to the Iowa DMV and check out the law on dealers, this truck probbaly has to have a bonded title, cost 1 1/2 times the sale price in a cash bond for 3 years, think it is business as usual now Norm? they are in violation of dealer and DMV regs and want the buyer to pay for the title when they are required to furnish it in the first place, called double dipping in Illinois! Call the law enforcement division at Fairfield and ask for Terry Meade @ 641,684,7263 if you doubt it. Or just watch the auction reflect it, usually somebody does not know and gets burned on these deals with no title but bill of sale. Truck should be titled in their name or inventory before it is sold, it is not the buyers duty to straighten this out.



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