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Shanel White: Posted on Wednesday, June 27, 2012 9:46 AM
Summer time is here and so is motorcycle season, so if you have a motorcycle or you're thinking about buying one, this post is for you. In this post, I will place emphasis on buying motorcycle parts (from "quick sales"), buying and titling a rebuilt motorcycle. After reading this post, I hope that you will be able to make a wise decision when it comes to buying and or titling a rebuilt motorcycle.
Buying Motorcycle Parts From "Quick Sales"
When sellers sale motorcycle or vehicle parts on classified sites online or other sites with the purpose of getting quick cash; in essence a quick sale of the parts takes place. The seller of the parts, sometimes target people who are into sport or classic motorcycles. What is the downside from buying motorcycle parts from quick sales?
- Usually the seller of the parts isn't selling parts from an authorized dealer or auto parts establishment
- The seller doesn't guarantee the quality or performance (if any) of the parts
- The buyer usually have a hard time reaching the seller regarding questions or concerns, once the sale has been made
- The parts could be stolen
What Should You Do
- Don't buy parts from unauthorized dealer or sellers of motorcycle parts
- Ask for a guarantee or warranty of some sort
- Get proper/legit documentation and receipts for the parts paid from the seller
Buying and Titling a Rebuilt Motorcycle
When buying a rebuilt motorcycle, please understand that the following factors must be taken into consideration: the competency of the dealer, the extent of damage to the motorcycle prior to being rebuilt, whether a title is present or whether the motorcycle can be re-titled at all. What is the downside from buying and re-titling a motorcycle? - The parts on motorcycle could be stolen
- The workmanship done to the motorcycle could be shabby
- An illegitimate dealer may not disclose salvage documents and a salvage title to you (the motorcycle could actually be branded as a certificate of destruction-UNQUALIFIED AND UNSAFE FOR USE ON ROADS!)
- There is no guarantee that a title may be granted (especially if you aren't receiving one from the dealer/seller
What Should You Do?
- Ensure that the seller of the rebuilt motorcycle is actually a licensed salvage dealer. If you buy a salvage/rebuilt motorcycle from anyone other than this type of seller, you are asking for trouble
- Get a bill of sale from the dealer
- Get a title and supporting documents (disclosing the salvage brands and rebuilt status) of the motorcycle
- To ensure that the motorcycle was rebuilt properly and is safe for highway/roadway use, GET A SALVAGE EXAM by DMV to be done on the vehicle, if it hasn't had one yet, since getting rebuilt. Note: this has to be done!
Though I don't recommend buying salvage motorcycles, due to the possibility of stolen parts used on the motorcycle, the quality of repair done, and the chance of a not getting a title or correct title; I strongly urge extreme caution if you choose to buy one. It's not enough to buy a rebuilt motorcycle because you feel that you are getting a good deal or that the motorcycle has a nice style to it. Failure to do your due diligence in buying such a motorcycle can lead to financial loss, repair issues and titling delays or no title at all.
If you are in a rebuilt situation regarding a motorcycle and you are having a challenge obtaining the title for it, call Wisdom & Authority Titling Solutions for assistance today.
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Shanel White: Posted on Tuesday, June 19, 2012 12:28 AM
The second quarter of IFTA filing 2012 is quickly approaching. This post will inform you on what you need to file, and the importance of filing your IFTA taxes. If you are new to trucking or just started a trucking company, I hope that you will find some very meaningful tips in this post. I know that you may be feeling a little anxiety if you are new to IFTA filing, but my goal and dedication to you, is to make the process as easy as possible. The foundation to IFTA filing is ORGANIZATION. The following entails what you should have in preparing for your IFTA filing:
WHAT IS NEEDED:
- Mileage log
- Fuel Receipts
- Any IFTA correspondences pertaining to your account (if applicable)
CONSEQUENCES OF NOT FILING ON TIME OR AT ALL:
- IFTA filing (late fee) plus interest (if applicable)
- Possible suspension of IFTA license
- Possibility of having IRP/Apportioned Plate account affected
- Citation from DOT if caught operating on a delinquent and or suspending IFTA license
- Threat of having your entire transport operation shut down
If you are experiencing a situation regarding your IFTA filing, or you don't know what to do; Wisdom & Authority Titling Solutions is available to assist you with your filing. Don't let questions, concerns or doubt stop you from filing on time or getting the help you need. I want to help you stay in compliance with Motor Carrier and DOT regulations.
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Shanel White: Posted on Thursday, June 14, 2012 11:52 PM
I know some of you are reading the title and are wondering, who would buy a stolen vehicle? While there are some people who would risk participating in such an illegal act, there are also others who assumed they were getting a deal, but unfortunately didn't do their due diligence. In the past, I've written a few posts about title skipping, and hopefully this post will be a major eye opener to those who have bought a vehicle without obtaining a title (being that you paid for the vehicle in full). I want to shed some light on the seriousness of this matter and why many people often overlook an important factor when buying a vehicle without getting a title.
VEHICLE MAY HAVE A LIEN ON IT
In this situation, the registered owner may have a lien on the vehicle and is also behind in making the required payments on the vehicle. The registered owner is aware that the vehicle is close to being repossessed. In an effort to avoid facing a repo situation, the individual decides to sell the car for quick cash. Accordingly, an unsuspecting buyer receives the car without getting a title, because the registered owner didn't have one from the start.
CONSEQUENCES OF THIS SCENARIO:
- Being that the lien holder can no longer find the car to repo it, the lien holder reports the vehicle as being stolen (technically it can do so because it is the rightful owner of the vehicle)
- The unsuspecting buyer will not be able to title and register the vehicle because they don't have a title and because the DMV would have received notification that the vehicle is stolen
- If caught driving a vehicle that has been reported as being stolen, the individual could face license suspension, penalties and of course legal persecution
- The buyer of the stolen vehicle will most likely have a hard time recovering the money that that they gave the registered owner for the car (especially if they didn't know the person), the individual may have also skipped town, to avoid the lien holder and the new buyer of the vehicle
RED-FLAGS THAT A VEHICLE COULD BE STOLEN:
- The seller isn't able to provide you with a title
- The seller is very persistent in making the sale and insists that you pay with cash
- The seller doesn't want to provide any ID, Bill of Sale or anything that can identify him or her
- Assures you that the vehicle has a clean record (vehicle reports, no accidents, etc.), but still can't provide a title
Regardless of how nice of a deal you think you might be getting on a vehicle; I've said this many times and I will say it again and and again---DON'T BUY A VEHICLE WITHOUT GETTING A TITLE! Out of fairness, an exception to this is that you won't get a title if you are still making payments on the vehicle. When buying a vehicle, you owe it to yourself to ensure that you are getting the title (if you paid for it in full) and other supporting documentation to prove your ownership of the vehicle. Do yourself a favor and turn a deaf ear to the person who may be giving you all sorts of excuses as to why they can't provide you with a title to the car they want to sell you. Here's a piece of wise advise: If they want to sell you the vehicle, then it is their responsibility to provide you with a title, if you are going to give them full compensation.
Wisdom & Authority Titling Solutions, is available to provide you with expert vehicle titling assistance and advice if you find yourself in this or any other titling situation.
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