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92 XJ Cherokee Laredo

Stang5lgt

NAXJA Forum User
Location
Parker, CO
Parting this baby I feel sad about it. But guy lost the title and was not willing to get me another. 4.0HO runs 5 speed 4x4. Pretty straight body and decent tan interior.


92XJ001.jpg
 
It appears the prev. owner of 'Stangs XJ was a Colorado resident too lazy to go down to get a lost title replacement - if in fact he was the owner at the time it was lost. That's unfortunate because it's FRIGGIN' easy for the prev. owner to do it - simply go to his local DMV and have one printed out and pay the $8 fee.

Since that doesn't seem to be an option for 'Stang, he'd have to apply for a NEW title - and that process is a huge pain in the ass. He'd have to get a VIN inspection done (by law enforcement- no fee, or DMV - fee involved), then have the XJ appraised at a dealership (usually a fee involved) then get a bond issued for DOUBLE the appraised value (you pay half, the bondsman fronts the other half). Take the bond paperwork and VIN inspection form to the DMV and pay for a Title search. Once the title search comes back clear, there's a 20 day wait until the new title is issued. Then he'd have to take the bond paperwork back to the bonding agency to get his money back less 15% or so (bondsman's fee for putting up the funds).

I believe the bond process is there to keep folks from trying to get a title on a car they don't actually own. A bondsman will need to see proof of purchase (bill of sale) that indicates the previous owner sold it without title. If the title search turns up an unpaid lien or current registration to someone else, the bond applicant loses their bond deposit.

That's the process as I understand it anyway....... I've never done it because it's such a pain in the ass. Generally the vehicles aren't worth the time and expense.
 
Colorado doesn't have that 5 year exception - I wish it did though.

All new title applications are subject to bond work and title search.
 
It appears the prev. owner of 'Stangs XJ was a Colorado resident too lazy to go down to get a lost title replacement - if in fact he was the owner at the time it was lost. That's unfortunate because it's FRIGGIN' easy for the prev. owner to do it - simply go to his local DMV and have one printed out and pay the $8 fee.

Since that doesn't seem to be an option for 'Stang, he'd have to apply for a NEW title - and that process is a huge pain in the ass. He'd have to get a VIN inspection done (by law enforcement- no fee, or DMV - fee involved), then have the XJ appraised at a dealership (usually a fee involved) then get a bond issued for DOUBLE the appraised value (you pay half, the bondsman fronts the other half). Take the bond paperwork and VIN inspection form to the DMV and pay for a Title search. Once the title search comes back clear, there's a 20 day wait until the new title is issued. Then he'd have to take the bond paperwork back to the bonding agency to get his money back less 15% or so (bondsman's fee for putting up the funds).

I believe the bond process is there to keep folks from trying to get a title on a car they don't actually own. A bondsman will need to see proof of purchase (bill of sale) that indicates the previous owner sold it without title. If the title search turns up an unpaid lien or current registration to someone else, the bond applicant loses their bond deposit.

That's the process as I understand it anyway....... I've never done it because it's such a pain in the ass. Generally the vehicles aren't worth the time and expense.

I almost had to do that on my old white cherokee, PO wouldn't send me the title because she never transferred it to her name and didn't want to pay the sales tax to do so.
I went down to my friedly police station and filed a report, whaddaya know, I had the title the next day.

ps crpd charges $5 for a vin verification
 
Suckah! DCSO doesn't.
happyfinger.gif


Jim www.yuccaman.com
tha F?????
where would you go though? through the pen0r scanner and to the window? I'd almost pay $5 not to get my junk xrayd. Last time I went through that thing they asked me to remove the sausage from my trousers*

srsly though aside from the appraisal from a licensed dealer, it didn't seem like a big deal man, and how much could the bond be on a 2000 dollar jeep?





*a little smokey is technically a sausage, right?
 
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srsly though aside from the appraisal from a licensed dealer, it didn't seem like a big deal man, and how much could the bond be on a 2000 dollar jeep?

"then get a bond issued for DOUBLE the appraised value (you pay half, the bondsman fronts the other half)."

So, that'd be $2k to the bondsman, he keeps 15% of that after the bond is returned.
 
srsly though aside from the appraisal from a licensed dealer, it didn't seem like a big deal man, and how much could the bond be on a 2000 dollar jeep?

"then get a bond issued for DOUBLE the appraised value (you pay half, the bondsman fronts the other half)."

So, that'd be $2k to the bondsman, he keeps 15% of that after the bond is returned.

Here's an interesting website:
http://www.getnewtitle.com/index.php?area=colorado
 
"then get a bond issued for DOUBLE the appraised value (you pay half, the bondsman fronts the other half)."

So, that'd be $2k to the bondsman, he keeps 15% of that after the bond is returned.

but when you buy a bond I don't think you pay 2k for a 2k bond, usually isn't it like 10%?
 
this site says the bond fee is 1% of the value of the vehicle

Defective Title

When the DMV refuses to register a vehicle due to a lost or "defective" title, one can post a bond to overcome the defect. The bond amount is based on the value of the vehicle and the premium will be 1% of the value with a minimum of $150.00. This is a one time fee.
 
Yeah, for lost or defective. Not to get a NEW title.

Lost titles are ones that the current registered/titled owner lost and need to be re-printed/issued. Current owners can get that done for $8 at the DMV.

Defective titles are generally ones that have a typographical error to the printed VIN, owner name, vehicle year, or other vehicle info that can't be corrected through research and confirmation through normal DMV sources. I had this happen on an S-10 I bought a while back. The VIN had one number that was off (was a "5" on the title, and an "S" on the VIN.) Luckily a simple VIN verification took care of that - since I had the title from the original owner.

New titles are to issue a NEW title to a NEW owner on a car that has no traceable sales history and/or has been out of the DMV system for more than 5 years without active registration.

Basically, if you buy a car without a title from someone who is either an uncooperative current owner that lost his/her title, or a car that has no title and has changed hands more than once in that 5 year period, you have to jump through all the hoops to get a NEW title.
 
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Yeah, for lost or defective. Not to get a NEW title.

Lost titles are ones that the current registered/titled owner lost and need to be re-printed/issued. Current owners can get that done for $8 at the DMV.

Defective titles are generally ones that have a typographical error to the printed VIN, owner name, vehicle year, or other vehicle info that can't be corrected through research and confirmation through normal DMV sources. I had this happen on an S-10 I bought a while back. The VIN had one number that was off (was a "5" on the title, and an "S" on the VIN.) Luckily a simple VIN verification took care of that - since I had the title from the original owner.

New titles are to issue a NEW title to a NEW owner on a car that has no traceable sales history and/or has been out of the DMV system for more than 5 years without active registration.

Basically, if you buy a car without a title from someone who is either an uncooperative current owner that lost his/her title, or a car that has no title and has changed hands more than once in that 5 year period, you have to jump through all the hoops to get a NEW title.

I figured that fell under the "lost" section of the lost or defective. In any event it's still a percentage of the amount, not the whole amount so I'd do the bond process if it were me.
 
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