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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
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WHAT IS A NON REPAIRABLE CERTIFICATE
CAR TITLE MISTAKES BY THE SELLER AND THE BUYER (SEGMENT 1)

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Selling a Vehicle Without a Title
Selling a Vehicle: Necessary DMV Documents
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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
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TYPES OF AUTO TITLE SERIES
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Wisdom & Authority Title Solutions

September 2011

CURBSTONING: BUYERS BEWARE

 
 
What is curbstoning?  Curbstoning or curbsiding is the act of selling vehicles without actually complying with dealer regulations.  Curbstoning usually take place on curb, side of the road or on private property (that actually may appear abandoned or unused).  Vehicles that are usually involved in curbstoning are either; stolen, salvage repaired, reconstructed, water damaged, odometer tampered, etc.
 
A curbstoner may or may not have proper license.  For example, a dealer that appears legit may have a license and an actual dealership, but may take part in curbstoning-by selling vehicles off the road, away from his property or at another location.  The vehicles that the crooked dealer is selling are usually in poor condition (visible or invisible; there may be red-flagged vehicle issues, etc. and he knows that if he sold them on his lot, that he would face criminal charges and lose his dealers license.  Please be advised that state motor vehicle dealer boards, have laws in place that prohibits anyone from selling more than the "cut-off" (depending on the state),  amount of vehicles within an allotted time-frame.  In this situation, selling more vehicles than the state allows and over the allotted time, requires one to obtain a dealer license.  In essence, failure to comply with this regulation makes curbstoning an illegal practice.
 
 
Why do Dealers or Individuals Curbstone?
 
  • Dont' want to be go through the licensing process of becoming a dealer
  • Want to keep and or reduce overhead costs
  • The accessibility of quick cash
  • Dispose of "unselling" or "unwanted" vehicles from inventory in a quick fashion
 
 
How to Prevent Becoming a Victim of Curbstoning
 
  • Make sure the dealer or individual is reputable (ask for proper identification and licensing documents
  • Conduct vehicle reports on vehicles that you buy
  • If purchasing vehicles from online, beware of dim photos or images that aren't clear or appears to be concealed in some way
  • Have a reliable mechanic to check out the vehicle for problems
  • ALWAYS GET A TITLE! (Make sure that the title is currently in the name of the person/dealer who is selling you the vehicle). 
  • Test Drive the vehicle thoroughly!
 
 
If you are have a titling issue, that may be the result of a curbstoning, Wisdom & Authority Titling Solutions is available to provide you with a solution today.
     
     
     

    Motor Carrier Permits: IRP/IFTA Trip Permits, Overload Permits& Hauling Permits

     
     
     
     
     
     
     
     
     
     
     
     
    This segment provides insight to motor carriers regarding the different types of permits that they have at their disposal (if applicable).  The permits covered in this segment have restrictions with them and provide the motor carriers with a sort of cushion in regards to traveling, jurisdiction, weight and size conditions.  The three permits that will be covered in this segment are: IRP/IFTA trip permits, overload permits, and hauling permits.
     
     
    IRP/IFTA TRIP PERMITS:
     
    IRP and or IFTA trip permits are available to motor carriers who normally don't operate under IRP plates and IFTA licensing.  The purpose of the IRP and IFTA permit is to allow the motor carrier to travel to any jurisdiction, without having IRP plates and or an IFTA sticker.  IRP/IFTA trip permits aren't intended for long-term use and have a validation for only 10 days.  Accordingly, motor carriers who already have IRP plates and IFTA licensing can take advantage of IRP/IFTA trip permits as well.  In this case, motor carriers who don't have particular jurisdictions on their IRP plan and cab card can obtain a trip permit; which will allow them to travel to their desired jurisdiction; again this isn't for long-term use and the permit is only good for 10 days.
     
     
    OVERLOAD PERMITS:
     
    Overload permits are available to help motor carriers stay in compliance of the federal mandated weight for commercial/heavy vehicles of 80,000 lbs (GVW)-gross vehicle weight.  A cushion mark of 1-5 percent is allowed (using an overload permit) to exceed the gross weight limit of 80,000 lbs.  Motor carriers who don't want the hassle of not worrying about weight compliances, may find it in their best interest to obtain an overload permit.  Many motor carriers choose to take their overload limit to 5%, which provides the most coverage.  In the event you choose to operate pass past the 80,000 lbs limit, you don't have an overload permit and or you aren't within the weight limits of the overload permit; you will be cited for not being in compliance with weight limitations and the fines associated with this are costly.
     
     
    HAULING PERMITS:
     
    Motor carriers are eligible for hauling permits for their vehicles; if the vehicle exceeds the weight/size limit, even if the dimensions of the vehicle are reduced to the smallest size feasible.  In essence, the vehicle still must be overweighted or overdimensional.  A restriction for hauling permits, means that a motor carrier can't use hauling multiple loads as a measure for obtaining a hauling permit.  Essentially hauling permits also depict the travel limit, safety requirements and routes that the motor carrier must comply with.
     
     
    If you are a motor carrier and would like more information about these permit options, Wisdom & Authority Titling Solutions is available to provide you with meaningful solutions; so that you can stay in compliance with weight and travel restrictions.
     

    Selling a Vehicle Without a Title

     
     
     
     
     
     
    A few months ago, I submitted a post, about buying a vehicle without receiving a title.  In this segment, the tables are turned, and my focus here is on people who sell vehicles without supplying titles.  For those of you who are lienholders, I will mention you in a fair manner in this segment-so don't worry.  I am submitting this post, because of the the "titleless" bind that I see people in day after day.  Unfortunately, when individuals sell vehicles without giving a title to the purchaser; it's the purchaser who will experience titling delays, and or titling misfortunes.
     
     
    First, for individuals (excluding dealerships/auctions, lienholders and other businesses) if you are selling a vehicle you should have a title (IF THE VEHICLE IS IN FACT YOURS).  If you have lost the title then you can obtain a duplicate title from the DMV.  If you never received a title from the lienholder, then you are to contact your lienholder and request the title.  I understand that there are sticky situations that can occur, regarding the titling situation; but if you are selling a vehicle; it is your responsibility to supply a title to the purchaser.  Doing so relieves you from the burden of having the vehicle disposed/sold unproperly, issurance issues, property taxes, etc.; if you comply accordingly.  Also, there are some people who think that a Bill of Sale, will constitute the issuance of a title-- sorry, but that isn't the case.  A Bill of Sale, isn't a legal document and is completely separate from a title.
     
     
    Next, if you are selling a vehicle to someone, who is making installment payments on the vehicle; you are considered a lienholer if you accept installment payments.  In this case you aren't obligated to supply a title to the purchaser, until the purchaser has satisfied the payment and or contract agreement.  You can see to it that the purchaser of the vehicle, get the vehicle title properly (in his or her name), but then you should put yourself on the title as the lienholder and then you can retain the title yourself.  For lienholders who fail to give the purchaser the title (after the payment agreement/contract), has been satisfied; please be advised that legal consequences will follow.  Accordingly, the following are a few reasons why individual sellers don't supply titles to the purchasers:
     
     
    Reasons Why Individual Sellers Don't Supply a Title to the Purchaser:
     
    • Lost the title
    • Are involved in a title skipping scam (whether knowingly or unknowingly) and may or may not have the title
    • The vehicle is stolen and the person is trying to sell the vehicle for quick cash and or parts
    • The seller is trying to hide important data from the title/vehicle record (i.e. water damaged vehicle, VIN discrepancy, odometer discrepancy, salvage issues, etc.)
     
     
    Please be advised that assistance is available to you regarding your titling situation.  If you desire to sell a vehicle and are having a challenge in obtaining your title; Wisdom & Authority Titling Solutions is available to assist you today. 

    Owner Operator: Own Operating Authority vs. Leasing Operating Authority

     
     
     
     
     
     
    Thinking about becoming an owner operator, or perhaps you're already one?  When you are an owner operator you must choose to either 1: seek your own operating authority or 2: get leased onto a trucking company and use their authority.  The decision to choose whether to have one's own authority or to be leased onto a trucking company's authority must be weighed carefully.  Finances and a strong business drive, are chiefly the main deciding factors in choosing to obtain your own operating authority or to lease someone else's.  For example, if financial matters such as credit issues, or minimal savings are at hand; then it may be feasible to get leased onto a trucking company and use their operating authority.  Also if you haven't given careful thought about business operations that goes with having your own authority, then again, it may be best to get leased onto a trucking company and use their operating authority.  The following are benefits that comes with obtaining your own operating authority or using the authority of a leasing company:
     
     
    BENEFITS OF HAVING YOUR OWN OPERATING AUTHORITY:
     
    • Keep all profits for yourself
    • Can secure your own loads
    • More flexibility in your work
    • More opportunities in seizing the type of loads and locations available
     
     
     
    BENEFITS OF USING LEASING COMPANY'S OPERATING AUTHORITY:
     
    • Can make decent earnings to start
    • Don't have to worry about DOT
    • Some leasing companies will take care of your IRP and or IFTA for you
    • Some leasing companies will provide a fuel card for you
    • Some companies may take care of miscellaneous permit and or taxes for you
     
     
    Whichever option you choose, I strongly recommend that you take your finances, family and time into consideration.  First, if you choose to obtain your own operating authority, just be sure that you can devote the proper revenue towards overhead expenses as well as time that's required for operating and maintaining a business.  Of course if you lease onto someone else's authority; you will still have to employ practical business sense, but it's more when your own authority is present.  Second, if you choose to lease onto a trucking company's authority, then use this as a time for you to learn more about operating a trucking company, and what  requirements are necessary for conducting such an entity. This option will also allow you help you in preparing to obtain your own operating authority, if you decide to; in the future.
     
     
    Wisdom & Authority Titling Solutions is committed to assisting you with your owner operator needs.  If you are ready to obtain your own operating authority; professional help will ensure that you have what you need to be successful.  If you want want to lease the authority of a trucking company; assistance is available to help get leased onto a reputable leasing company as well.  Wherever you are in the owner operator process, a solution awaits you.
     
     
     

    Help With Abandoned Vehicle Title in Virginia

     
     
    In the state of Virginia, abandoned vehicles is serious business.    Failure to dispose of or acquire an abandoned vehicle properly, attracts the possibility of citations from local city officials and law enforcement agents. Whether a vehicle is abandoned on the highway, on private residential or commercial property; there isn't a lot of time of deciding what to do with the vehicle. 
     
     
    If you aren't sure what to do about an abandoned vehicle on your property, you can legally seek to apply for title to the vehicle that is abandoned.  There are benefits that comes with obtaining the title to an abandoned vehicle.  Benefits entail:
     
    • Donating the vehicle to a charity organization (will require title)
    • Giving vehicle to "junk vehicle pickup company" (some require titles)
    • Have the title transferred in your name (you become the new owner)
    • Sell the vehicle for scrap metal at a scrap yard or scrap dealer (will require title)
     
     
    If you are unsure what to do about your abandoned vehicle situation, Wisdom & Authority Titling Solutions, is available to offer you the assistance that you need.  Assistance of actually taking care of the entire abandoned vehicle titling transaction is available for you from start to finish.  If you don't want to be bothered by the process, and just want to be sure you are complying legally; help is here for you today.