whats "bonded title"?

NarrowEye

Well-Known Member

• Aug 26, 2009

• #1

hi all
i was looking for a car to buy and i found this ad, just what im looking for but it says that the car will be sold with bonded title. whats this? anything to worry about? im still new to america, can somebody help?

 

jfgordon1

Well-Known Member

• Aug 26, 2009

• #2

A bonded title is another name for a document known as a Certificate of Title Surety. Utilized in lieu of a standard car title, obtaining the bond makes it possible to move forward with registering the motor vehicle with the local Department of Motor Vehicles or DMV. The document also serves as proof of ownership, making it possible to purchase insurance for the vehicle.

Click to expand...

http://www.lawrenceautotitle.com/FAQ1.htm#Q1
^
help you out a little bit

 

Wikidbchofthewst

Well-Known Member

• Aug 26, 2009

• #3

http://www.wisegeek.com/what-is-a-bonded-title.htm

Sounds like it's a title that an owner can get when they don't have the original title, so that they can sell the car.

 

NarrowEye

Well-Known Member

• Aug 26, 2009

• #4

so is there any difference for me between regular and bonded title?

 

GrowTech

stays relevant.

• Aug 26, 2009

• #5

You might have a little trouble selling the car later?

 

Wikidbchofthewst

Well-Known Member

• Aug 26, 2009

• #6

Well you might ask why the title is bonded. It'd suck to buy a car with a bonded title only to find out it was bonded because the car wasn't really theirs to sell in the first place.

 

NarrowEye

Well-Known Member

• Aug 26, 2009

• #7

thanks people! RIU reliable as always

 

xTHEBAKERx

Member

• Aug 26, 2009

• #8

a bonded title has the same concept as a branded title which will decrease the value of the car significantly and usually a bonded title comes from a wreck so i would get it checked out by a mechanic

 

Wikidbchofthewst

Well-Known Member

• Aug 26, 2009

• #9

Branded title sounds like a salvage title, but I can't find anything that makes a bonded title sound like a branded/salvage title. The bonded title just means that for a period of three years someone can challenge your ownership of the car. I actually just found something that says vehicles issued a branded title are excluded from the definition of "vehicle" as far as bonded titles are concerned.

http://www.state.ar.us/dfa/rules/mv1993_3.pdf

 

xTHEBAKERx

Member

• Aug 27, 2009

• #10

your completely right my bad was a little to high lol