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TYPES OF AUTO TITLES SERIES: PART 1-Names of Different Auto Titles
What is an Auto Title Service?
SERIOUS AUTO TITLE PROBLEMS: Dealer/Auction Went out of Business Without Giving a Title (Segment 5)
SERIOUS AUTO TITLE PROBLEMS: DMV MADE A MISTAKE ON MY AUTO TITLE! (SEGMENT 4)
SERIOUS AUTO TITLE PROBLEMS: RECEIVED A JUMPED AUTO TITLE (SEGMENT 3)

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IFTA FILING 2ND QTR 2011 IS DUE
VEHICLE TITLE SKIPPING
Multiple Owners on a Vehicle Title
WHAT IS A NON REPAIRABLE CERTIFICATE
CAR TITLE MISTAKES BY THE SELLER AND THE BUYER (SEGMENT 1)

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CAR TTITLE MISTAKES BY THE SELLER AND THE BUYER
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DMV Title and Registration Expert
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Liens on Vehicles & Titles: Part Two
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Mistakes on Vehicle Titles
Motor Carrier Permits
Multiple Owners on a Vehicle Title
NON-REPAIRABLE CERTIFICATE
Odometer Discrepancies
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Salvage Title and Branding
Selling a Vehicle Without a Title
Selling a Vehicle: Necessary DMV Documents
SERIOUS
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Starting a Trucking Company
Tips to Prepare Your IFTA Quarterly Taxes
Title & Register an Antique Vehicle
TITLE SKIPPING
TITLING A TRAILER
TOW COMPANY WON'T RELEASE VEHICLE
Trucking Citations
TYPES OF AUTO TITLE SERIES
Unified Carrier Registration (UCR)
VEHICLE LIENS PART ONE
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VIRGINIA AUTO REGISTRATIONS
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Wisdom & Authority Title Solutions

August 2011

IFTA FILING 3RD QUARTER 2011

 
 
 
Yes, it is that time again!  IFTA filing third quarter will be up in another month and a few days.  Now is the time to start making preparation for your filing; as to avoid delays.  Even though the third quarter is almost up, I feel the urgency to speak to those who are experiencing IFTA challenges from quarters 1 and 2 of 2011 or prior years.  If you have situations that you aren't sure how to work out or how to correct; help is available.  The longer you wait to seek assistance; the greater the penalty and interest you will have to pay.
 
Please know that when you fail to file your IFTA, you are subjecting yourself and or your trucking/freight establishment to suspensions.  The suspension isn't only applicable to your base state but also to other states that you wish to travel through.  Another point of advice to know is that if your IFTA is suspended; your IRP is affected as well; the two go hand in hand.  If you are behind in your IFTA or stuck in a hard place; start getting the following in order:
 
  • Fuel Receipts
  • Mileage Logs
  • Routes (logical point to point destinations)
  • Dates of travel
 
 
As I mention in a prior fuel tax reporting post, don't assume that your leasing company (if you are using someone else's authority), will automatically take care of your IFTA filing for you.  Some companies will take care of the IFTA for you; while some companies will not.
 
 
Wisdom & Authority Titling Solutions is available to take on your entire IFTA fuel tax filing needs.  If you want to be sure that your company is in compliance with fuel tax regulations and filing; don't waste time deciding what to do.  Professional assistance is here to help you. Focus on your loads; while Wisdom & Authority Titling Solutions focus on your fuel tax filing compliances.  Don't let time run out!

    Salvage Vehicles & Title Branding

     
     
     
     
    Some people might be surprised as to what constitutes a salvage vehicle.  If a vehicle has been in a wreck; it doesn't necessarily classfies as a salvage vehicle.   In the state of Virginia, a salvage vehicle is a one that has acquired damages and estimated repair costs that exceeding 75% of the actual cash value of the vehicle.  There are arenas of salvage vehicle types and a description of each arena is listed below:
     
    • Salvage Repaired: is when the vehicle has an estimated cost of repair that is 75% or less of the actual cash value of the vehicle
    • Salvage Rebuilt: is when the vehicle has an estimated cosf of repair that  is more than 75% , but doesn't go beyond 90% of the actual cash value of the vehicle
     
    When vehicles are classified as salvage repaired or salvage rebuilt a "branding" will occur on the title.  A brand is a measure that labels any physical conditions and or changes of the vehicle.  For example, if the vehicle is salvage repaired; the word repaired will be located on the front of the title.  Other areas that will give way for branding are water damage, fires, etc. of the vehicle.  Once a title has a brand on it, the brand stays on the title and title record; even in the event the vehicle is sold.
     
    From reading the above information, you are aware that a salvage vehicle is weighed heavily on the percentage and estimated repair costs of the actual cash value less or equal to 75%; but what if the vehicle's estimated repair costs is actually greater than 90% (the limit for declaring a vehicle a salvage)? 
     
    In the event a vehicle's estimated cost of repairs exceeds 90% of the actual cash value of the vehicle, then the vehicle is declared as non-repairable.  Whenever a vehicle is classfied as non-repairable, it can't be driven and the only option for non-repaired vehicles is to be sold and or use for scrap only.
     
     
    If you are purchasing a salvage vehicle; be sure to purchase from a licensed salvage dealer.  Failure to do, will put you at risk for buying and operating a potentially dangerous vehicle.  In the event you have a salvage vehicle dilemma you need guidance; Wisdom & Authority Titling Solutions will provide you with the solution that you need. 
     
     
    Virginia DMV used as a source (for some data)

    Virginia Dealership/Auto Auction Went Out of Business- And You Didn't Get a Title?

     
     
     
    Some auto dealers and auto auctions are using the economy as a scape-goat to display sloppy and or negligent practices when it comes to providing their customers with auto titles and or title-work.  True, many auto dealers and some auto auctions are feeling the economic pinch; but is that really an excuse to suddenly vanish and close up shop without supplying customers what is due them- A VEHICLE TITLE; after a vehicle purchase has been made.  
     
    Car purchasers beware: provided that you paid for the vehicle in full and there's no lien or lease involved; you are required to receive a title for your vehicle.  Out of fairness, dealers/auctions have 30 days in the state of Virginia to obtain   a title for the new purchaser of a vehicle (from their business).  There are times that a dealer/auction may exceed the 30 day limit; which in some ways are feasible; however if a dealer/auction is consecutively behind in supplying its customers with titles or titling and registering the vehicle for the customer; then red flags are raised.  The following are tips to apply; so that you can avoid   the "title-less gridlock":
     
     
     
    • Check with your local BBB chapter on any possible complaints/stats on the dealer/auction of interest
    • Check the status of a dealer/auction with the motor vehicle dealer board
    • Be cautious of overzealous sales people (who constantly use time as a factor in making your choice to buy)
    • Observe the productivity of the staff and offices (if chaos and an unorganized environment is present--WATCH OUT)
    • Before signing any documents; ask the title clerk or person presenting you with your documents is there a title on hand to give you-(THAT DAY), once the transaction is complete.  Note: this is only if you have paid for the vehicle in full (no liens or lease).  If there is no title on hand to be given you; then at least you will know that there is a possibility that you may run into a titling delay.

    If you find yourself in a titling situation regarding a dealer/auction that has went out of business or are giving you excuses as to why you aren't being provided with a title; Wisdom & Authority Titling Solutions is available to provide you with the help you need today.
     

    INTRASTATE OPERATING AUTHORITY IN VIRGINIA (PART 3)



    In this final segment of the series Intrastate Operating Authority in Virginia; the remaining two classifications of Property Carriers and Brokers will be observed in this segment.  As a reminder, the classification of Passenger Carriers was covered in Part 2 last week.  In observing Property Carriers and Brokers, the "sub-classifications" under each classification will be mentioned as well as a brief description of each.  An analysis of Property Carriers and Brokers   is as follows:

    Property Carriers are comprised of three types; household goods carriers, bulk property carriers and property carriers and are described respectfully:

    1. Household Goods Carrier: is when an operator is transporting goods and or property with the purpose of the goods to be used in dwelling or living necessities.  The householder, owner, and or factory/store who arrange for the transporting of the goods usually have made payment arrangements accordingly.

    2. Bulk Property Carrier: is an operator that transports goods that are non- gaseous and or non-liquid.  Bulk property is classified as goods that aren't used in containers; and thus can be removed by single handling removing the items.  These items can be scooped up and removed in a piece by piece fashion.  Also, those who are tow drivers/operate wreckers for-hire fall under the classification of bulk property carrier as well.

    3. Property Carrier: is an operator that transports only property; no bulk property is permitted.  Household goods can be transported, but only if and if the household goods are less than 31 miles from where the pickup occurred.


    Brokers are comprised of two types; Passenger Broker for Transportation and Property Broker for Transportation

    1. Passenger Broker for Transportation: is a broker who arranges or negotiates passenger transport on behalf of authorized motor carriers under the Virginia Motor Carrier Services approval.  Accordingly, the broker is not a motor carrier itself,  isn't an agent  or an employee of a motor carrier.


    2. Property Broker for Transportation: is a broker who arranges or negotiates property transport on behalf of authorized motor carriers under the Virginia Motor Carrier Services approval.  Accordingly, the broker is not a motor carrier itself, isn't an agent or an employee of a motor carrier.


     As mentioned in Part 2; the above classifications are only a glimpse of the different types of classifications for authority.If you have intrastate operating authority in Virginia or you are interested in obtaining such authority; Wisdom & Authority Titling Solutions is available to provide you with the answers that you need.  Whether you are new to intrastate operating authority in Virginia or just need assistance maintaining your authority; a solution is available to you.

     Credits: Some Data used from the Virginia DMV