whats "bonded title"?

NarrowEye

NarrowEye

Well-Known Member
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

jfgordon1

Well-Known Member
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

Wikidbchofthewst

Well-Known Member
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.
 
xTHEBAKERx

xTHEBAKERx

Member
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

Wikidbchofthewst

Well-Known Member
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
 
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