Selling a car can be a bit frustrating for many people that aren’t aware of all the nuances that go into it. For the most part, if everything is in order, you can have a sale completed within hours. However, in rare instances, there is some confusion. The most important document a car owner has is the title of a vehicle. This establishes the relation of possession between the car and the owner. Now, there is another type of title, known as a bonded title, and you may be wondering, “can I sell a car with a bonded title?”.
Some people get put off knowing a car has a bonded title, but the fact is, that a bonded title is still a very legal piece of document. Here is all you need to know.
Can I sell a car with a bonded title? – Yes you can!
What does a bonded title mean? – What is the difference?
The title of any car is a piece of document that specifies who the owner of the vehicle is. Without the title, you can’t be the legal owner of the vehicle even if you don’t drive it. A bonded title is the same thing, but with bonded branded on it. The bonded title is usually issued by the DMV if you lost your original title.
These titles stay in effect for 3 years and are essentially a way to ensure that if someday someone came to claim the vehicle as their own, with a valid title, they would be compensated against the bonded title. This usually never happens, and even if you sell a car with a bonded title, it transfers to the next owner the same way a regular title does.
So, what does a bonded title mean? In essence, it is simply a title that someone was given after they lost the original one. It is a perfectly legal document, and much better than not having a title at all.
How long does it take to get a bonded title? – Not very long!
To get a bonded title, you need to make a visit to the DMV. We recommend going in person so that you can explain everything in detail. There may be a line, but it’s worth it to have some legal protection. After you have explained the situation to the representatives, they will give you a timeline for when you will be getting the bonded title.
The average time is 2 to 4 weeks, but in certain cases, you can even get in a week, if there isn’t much for the DMV to investigate. Just make sure you have the proper documents, and ideally a receipt of purchase of the vehicle. The more proof you have about the ownership of the vehicle, the fast you will get the bonded title approved from the DMV.
So, in short, how long does it take to get a bonded title? It really depends on how cooperative you are. It also depends on how much data you give your local DMV to process and investigate. If you simply go in there with nothing, it will be hard to get a bonded title; the DMV won’t take you very seriously. The vehicle inspection and submission of paperwork won’t take long either, and after the DMV values your car for a specific bond value, you are good to go. It could only take long if you are not cooperative.
Getting a bonded title in Arizona – Same as everywhere else!
If you a living in the state of Arizona, the process of getting a bonded title is the same. The state also respects the value of a bonded title like everywhere else as well. A thing to note is that the bonded title is slightly different from a regular one as it represents some monetary value, a stake in better in terms. You need to pay some amount to be able to purchase it, which the DMV will decide upon after reviewing your case.
After you have filed the documents, the DMV will then inspect your vehicle. This is a standard procedure and is done to verify that you are providing correct information to the DMV, and the vehicle in question is the same as you mentioned. Their investigation can take some time depending on how much information you provide them. It is essential that you cooperate with them, and let them thoroughly examine your vehicle.
After the DMV is satisfied with both the paperwork and the vehicle itself, you will receive a title bond after the value for the bond has been decided. This value isn’t too high and is based on the vehicle in question. So like most states, getting a bonded title in Arizona, isn’t that difficult either.
Some buyers are put off by the fact that the vehicle has a bonded title; but, it is your job to assure them of the validity of the document. Most people who buy vehicles will already know about the bonded title, and won’t ask you questions.
It is completely legal to sell a car with a bonded title, and the more responsible thing if you have a car without a title. Getting a bonded title shows that you are following legal procedure and verifying ownership of your vehicle. The process of getting a bonded title isn’t very hard, and your local DMV takes care of most things. It is essential for the owner to provide all the data to the DMV, and they can provide you with the bonded title in a few weeks.
Selling a car with a bonded title could be tricky, as some buyers are apprehensive about the validity of the title. However, if you guide them, and explain why you had to get a bonded title, most people will prefer a bonded title over no title. It is the legal and responsible thing to do and encourage by law.