Only people who actually know the rules regarding this need read on and/or reply. Thanks.Vehicle "X" physically changed hands from original owner "B" to new owner "K" in December 2004, at which point B signed the title in the proper spaces and had it notorized. K has not signed the title or done anything with it whatsoever since 12/04, and now is selling vehicle X to new owner "O".Can new owner O (or even K) just now sign the title in the proper spaces and proceed as normal or will NC come after him for taxes for the period or 12/04 - present? I honestly dont know the awnsers here, please advise if indeed you do know. Thank you.
11/2/2005 7:56:58 PM
whenever i have title questions I just call the DMV main office.
11/2/2005 8:05:11 PM
i've never had any issues with tax collection in these types of situations. i've bought several cars and never titled the vehicle in my name. when i bought it, i had the seller sign the title and i had it notarized, as so in your case, but sold it to a buyer as if i was the person on the title (most of the time i told the buyer the situation but a couple of times i didn't. i wonder if they ever figured it out since my name is not what is on the title.). legally, you're not supposed to do this but myself, along with others i know, seem to get away with this as long as it's an inexpensive sale. i wouldn't do this with a $15,000 car since the buyer would suspect malicious activity and probably back out of the deal if the title isn't in your name but $1,000 cars are no problem.
11/2/2005 8:22:26 PM
DonkeyButt went through something similar to this couple months ago. perhaps he will chime in
11/2/2005 8:26:06 PM
you can do this, but it's not legal to do so. you save about $200 not letting the state know it was ever in your possession. just have new owner "O" tell the dmv they bought and have been working on it since 12/04 and it's just now road worthy
11/2/2005 8:31:57 PM
yeah, legally only registered dealers can do that sort of thing, but it all depends on what kinda mood the nazi at the dmv counter is in
11/2/2005 9:45:35 PM
11/3/2005 12:34:09 AM
just based on way too much experience with the NC DMV, figure out the most aggravating, pain in the ass scenario possible, and go with that one
11/3/2005 12:44:04 AM
11/3/2005 1:25:46 AM
11/3/2005 9:39:02 AM
11/7/2005 5:20:22 PM
actually, the previous owner will be taxed for that time period because "technically" he still owns the vehicle as far as the dmv and revenue department is concerned. i've had the same situation with stuff, just let the new owner sign it and go. dmv won't ask questions, taxes aren't their concern. there will just be an added $10 fee or something for not getting a new title within a certain number of days past the sale date.
11/7/2005 5:25:45 PM
sounds good to me, I can handle the $10 and the former owner can handle any DMV bs.
11/7/2005 9:00:35 PM