Many times, individuals aim to sell their vehicles, trade them in, or list them online without possessing the title document. The title, which is essentially a paper certificate, includes crucial vehicle details and the owner’s information. However, selling a vehicle without this document poses significant hurdles. Dealerships won’t accept a vehicle without a title, rendering […]
When a vehicle is financed, the question of who holds the title arises frequently, especially in our car title division. The owner’s name is listed on the physical title, even if the vehicle was bought on a loan. This title certificate includes a section referencing the lien holder, which is the entity that provided the […]
Carvana, an online used car seller, functions like a traditional car dealership. Their inventory comes from auto auctions and consumers, a practice common among dealerships lacking a new car franchise. Auction Dynamics and Dealer FinancingAuctions offer dealers a line of credit for purchased vehicles, holding titles as collateral until a sale. Dealers often use this […]
Electric vehicles (EVs) are swiftly gaining popularity, demanding an increased infrastructure of charging stations. These stations, essentially internet-connected appliances, facilitate the communication process between the vehicle and the power source. However, as this network expands, it brings forth significant cybersecurity vulnerabilities akin to any other online device. Vulnerabilities Explored: Hacking EV Charging StationsRecent incidents highlighted […]
The Vermont loophole has gained traction through various media channels as a means to obtain registration for a vehicle without the original title. This process involves applying to the state of Vermont through the mail with a bill of sale. Once granted, this registration serves as proof of ownership, akin to a title, allowing one […]
An article from the Wall Street Journal this week sheds light on a concerning trend in the automotive industry. Subprime borrowers, situated at the lower end of the market with poor credit or unconventional loans, are starting to default or become delinquent in their payments. This alarming development raises questions about the economy and the […]
In many states, obtaining a vehicle title is a meticulous process facilitated by a government agency, typically known as the Department of Motor Vehicles (DMV) or Department of Transportation. This legal document validates ownership and is acquired by presenting the previous title, properly signed over, to the relevant agency. Expedited Title Services: The ‘Instant Title’While […]
One of the most frequently asked questions revolves around obtaining a title when armed only with a bill of sale. The DMV, the issuer of titles, typically demands more than just a bill of sale for this purpose. Most individuals reaching out for help have already discovered this hurdle, having found that a bill of […]
For the initial months of 2022, a trend of minor declines in wholesale vehicle prices was observed. However, a shift occurred in June, when prices saw an upward spike following three consecutive months of slight drops. Factors at Play: Inflation, Inventory, and Market DynamicsAmidst rising inflation, escalating home interest rates, and sustained high home prices, […]
If you’re in the market for a vehicle, whether new or used, you’ve probably noticed a scarcity of options. Dealerships lack ample stock, with new cars almost nonexistent and used cars commanding skyrocketing prices. The Electric Vehicle BoomInterestingly, amidst this slowdown, electric vehicles (EVs) are experiencing a surge in demand. Despite shortages, people are enthusiastically […]