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Showing posts with the label vehicle title

What is considered a bad or a dirty title?

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When buying a pre-owned vehicle , there are many things to consider, from the car’s history and condition to its price and financing options. However, there is an issue that some may easily overlook, and it has to do with the vehicle paperwork. Vehicle title document happens to be one of the most important documents you must check before committing to the purchase. A clean title can give you a peace of mind but a dirty one can lead to decreased reliability, decreased resale value and various other financial as well as legal headaches. In this article, we’ll explore some common vehicle title issues to look out for when purchasing a pre-owned car. buying a pre-owned vehicle   What is a Vehicle Title? A vehicle title is a document that proves ownership of a vehicle. It’s issued by the state’s Department of Motor Vehicles (DMV) and includes information such as the vehicle’s make, model, and year as well as the owner’s name and address. The title also includes a unique Vehicle Identifi...

What really happens to Lemon Vehicles?

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  A vehicle may be categorized as a lemon when it is determined to have significant manufacturing defects that affect their safety, value or utility. These defects are often irreparable despite multiple attempts to fix them.   Lemon Vehicles     Generally, various laws require the manufacturer to   repair , replace or refund the purchase of the vehicle if it meets specific criteria. We cannot clearly identify the legal definition of a   lemon vehicle   because each and every state has different laws with different previsions designed to protect consumers who purchase these defective vehicles. However, most state lemon laws stipulate that the manufacturer/dealer would have to have made a reasonable effort to rectify the defect and the vehicles remain out of service for a certain period of time before a lemon claim can be filed. For help with a possible lemon claim we suggest you research your local state   lemon laws   and if need be, seek the...

What you need to know about a Vehicle History Report?

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  A   Vehicle History Report   (VHR) is a crucial tool for anyone considering purchasing a used vehicle. It provides valuable insight into a vehicle's past, helping buyers make informed decisions and avoid potential pitfalls. Here's what you need to know about a Vehicle History Report:   Vehicle History Report     Accident History : A VHR typically includes information about any reported accidents or damage the vehicle has sustained. By running simple vin check you can uncover not just if the vehicle was previously involved in an accident, you may also uncover invaluable details related to the accident such as:  Type of accident Accident severity Airbag deployment status Accident-related total loss claims Damage location on the vehicle Damage photos Insurance claim related details And more…   Title History: A   vehicle title   is a valuable document that serves as proof of vehicle ownership. This document contains essential informat...

A Guide to Checking a vehicle for possible Liens Before purchase

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A Guide to Checking a vehicle for possible Liens Before purchase When shopping for a preowned vehicle it is important to research the vehicle thoroughly before committing to purchase. To ensure a smooth transaction, it's crucial to verify that the vehicle does not have any filed liens, as this is a significant consideration in avoiding potential issues.   A lien is a legal claim placed by a creditor on the vehicle due to an outstanding debt. The most common vehicle liens arise from financing agreements and disputes where a  financial  institution holds a security interest in the vehicle until the borrower fully repays the loan. These liens are typically noted on the vehicle title, indicating that there is a creditor with a legal claim to the vehicle until the debt is satisfied. Additionally, mechanics' liens may occur if the owner fails to pay for services or repairs and the service provider claims a right to the vehicle. When unresolved liens can complicate the sale or t...