Bud
Well-known member
I have encountered some situations recently where the current "possessor" of a Model A (usually from an estate where the "owner" is dead) has titles for vehicles that "owner" failed to put in his name. The titles are in the name of the person the "Possessor/Owner" purchased the vehicle from. As I understand this, if the current living entity (daughter, son, relative) never put it in their name, and they sell the vehicle, they have "jumped title" and avoided paying state sales tax on the first transaction. Also, as I understand it, this is illegal. Is the next buyer responsible for the prior transaction's tax? And also the final transaction's tax? What are the ramifications if this is out of state? Does that make it a Federal felony?
I recently saw where the title had been signed over to a man's father but he never re-titled the car in his name. The man's father is dead, but the title never was processed through the estate. I am guessing this happens a lot in people who just have car collections and mostly do not drive the vehicles, just trailer them to shows and trailer them home. Let me know what you all think of these questions. Thanks.
I recently saw where the title had been signed over to a man's father but he never re-titled the car in his name. The man's father is dead, but the title never was processed through the estate. I am guessing this happens a lot in people who just have car collections and mostly do not drive the vehicles, just trailer them to shows and trailer them home. Let me know what you all think of these questions. Thanks.