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If he gets the lein paperwork, wont he now be liable for the back registration fees if the cars were not registered as non-op? That could be spendy if so and not worth the effort.
I'm curious if the tow yard had to pay them when they got the title? I don't know anything about the process though, so you're probably correct about the back reg fees being waved.
When you bought the cars from the yard, did you get a clear title or was it a salvage title? I'm curious if the dmv would mark the title somehow and that could lower the cars value. This is a very interesting process and a little scary at the same time. There are some shady people out there!
I had a bill of sale, and the lein papers.. and the vehicles I purchased were not wrecked. Depends, on whether or not the vehicle has already been salvaged.
I had a bill of sale, and the lein papers.. and the vehicles I purchased were not wrecked. Depends, on whether or not the vehicle has already been salvaged.
Just to be clear, I wasn't saying you or anybody in this thread is shady at all. I was just thinking about how this process could catch someone off guard and possibly cost them their vehicle. I like the process and I think it's a great idea, but I also know there are way too many crooks that like to take advantage of the system. (I've lived in the "hi" desert for about 2yrs now and the tweakers up here make me keep a sharp eye on my family and property!)
I just read the following page on the DMV website and it'd be extremely difficult for someone to get a title to your vehicle without you knowing. I feel better now.
That said, the person who started this thread might still be responsible for the back registration fees. Check out this quote from the DMV website below.
NOTE: If the vehicle registration expired while in your possession and you are a dealer, lessor-retailer, keeper of a garage, or operator of a towing service, the buyer has 20 days from the lien sale purchase date to pay registration fees without penalty, or pay a transfer fee and a planned non-operation fee. Otherwise, a planned non-operation must be filed prior to the vehicle expiration date or penalty fees are due.
If the vehicle came into your possession with an expired registration, the buyer must pay the registration fees and penalties.