4k mile 1 owner V code Cuda

[RJS]

I see why Mike is doing it but most insurance company's won't payout if you don't title a car into your name.
Ron

[Lee Stewart]

Originally Posted by RJS

I see why Mike is doing it but most insurance company's won't payout if you don't title a car into your name.
Ron

Are you sure about that? The Bill of Sale, a legal document, signed by the Buyer and Seller, transfers ownership of the vehicle.

[Big Block Bill]

Originally Posted by Lee Stewart

Are you sure about that? The Bill of Sale, a legal document, signed by the Buyer and Seller, transfers ownership of the vehicle.

I believe the Illinois Department of revenue would frown upon it. When a car is sold on a Bill of Sale, there is no record of it with the Secretary Of State that there was a Sale, resulting in no Sales tax being paid to the Department of Revenue. They call it "Jumping a Title" as far as I know, Illegal in all States. And you also can not legally insure a vehicle unless it is in your name. If you do and there is a complete loss, the insurance company will not pay out. This happened to my old Boss when his Son totaled a pickup that was titled in his Son's name and insured on the Company's insurance policy.

Bill