Tag Archives: car title

newspaper with cars

I Lost the Title to My Vehicle. How Do I Get a New One?

This entry was posted in Repo Cars and tagged , , , on by .

Losing the title to your vehicle can be a stressful experience, but the good news is that getting a replacement is a straightforward process. A certificate of title establishes ownership of a vehicle, so you will need it when registering or selling your car.

Below is more information about the necessary steps required to obtain a new title for your vehicle. We hope this makes it easier to navigate the paperwork efficiently and get back on track!

Verify Your Ownership 

Before applying for a replacement title, you need to confirm that you are the legal owner of the vehicle. There are different ways to do this, such as by contacting your local DMV or running a VIN check. Keep in mind that most car owners won’t receive the title until they’ve fully repaid their car loan, or they paid cash for the vehicle. 

Gather Required Documentation 

In order to replace a car title, you’ll need to fill out paperwork with your vehicle’s information. Each state has different requirements, so check with yours to know what to expect. In general, replacement title applications require the following: 

  • VIN number
  • Year, make and model
  • License plate number
  • Odometer reading
  • Proof of ownership 
  • Lienholder
  • Driver’s license 
  • Fees – there are fees for this service 

Complete the Title Replacement Application 

Most states allow car owners to apply for a replacement title online, by mail or in person at the DMV. Once you fill out the application, it’s submitted to the local DMV, and you will receive the title by mail in two to six weeks. Most states require the fees to be paid at this time, and a photocopy of your driver’s license to be submitted. 

Browse Repossessed Vehicles with Clean Titles! 

Losing the title to your vehicle may seem like a hassle, but the process of obtaining a replacement is fairly straightforward. Once you have your car’s title, you can move forward with registering or selling your vehicle. 

RepoFinder has the largest bank repo list in America! We have links to banks and credit unions in all 50 states that are selling their repo inventory, including cars, trucks, SUVs and recreational vehicles. Since you are buying the vehicles directly from the seller, you are getting a true repo at a significantly discounted price.

Visit RepoFinder.com today and browse our vehicles. They are in good condition and come with clean titles! 

buying a repo car

Does a Repossession Change the Title or Warranty Terms on a Car?

This entry was posted in Repo Cars and tagged , , , on by .

Buying a repossessed car is a great way to save money. There’s a misconception that repossessions are old and in terrible shape, but this isn’t necessarily the case. While there will always be fixer uppers on the market, many of the cars that are repossessed by banks and lenders are newer. It’s just that their owners could no longer afford the high payments. 

When you consider that the average monthly payment for a new car is $700, you can quickly see how cars end up in repossession. Most repo cars are picked up by dealerships and then resold as used vehicles. However, at this point, they’re also getting a markup from the dealership. This means that you’re not paying true repo prices. 

RepoFinder.com works differently. We offer a directory with links to banks, lenders and credit unions all over the United States. They have repo inventory they want to sell, and they sell it to the public – not to dealers. Therefore, you do not need a dealer’s license. You can simply browse the available vehicles in your area and place a bid when you find one you like. 

Do Repo Cars Have a Clean Title? 

A common question that people ask is whether or not repossessions have clean titles. The answer: Yes. At least, they should. We do not recommend buying vehicles without a title, as this can lead to problems down the line. You could be paying for the vehicle, driving it around and maintaining it, and the ‘true’ owner can come back with the title. 

The car you buy should have a title. A ‘clean’ title means that the car was never determined to be a total loss. Other types of titles you might come across are a salvage title and a rebuilt title. It’s best to avoid salvage titles. Rebuilt titles may be okay. 

Titles show who owns the vehicle, and ideally, you want them to be clean. But a vehicle being a repossession has no bearing on the title. 

Do Repos Include a Warranty? 

As for the warranty, it’s well-known that repossessions don’t include a warranty like you would get from a dealership. You are buying the vehicle as-is, which is why you get a steep discount. In exchange for this discount, you are agreeing to take care of whatever problems the car has. It could be minimal maintenance and repairs, or it could be major issues. That’s why we always recommend having a full inspection done.

But, if the vehicle still has its original manufacturer warranty intact, a repossession will have no bearing on it. The warranty will roll over to the new owner, and you are free to use the warranty as you need it. You can also consider purchasing an extended warranty on your own. Extended car warranties aren’t always worth the money, though, so do your research. 

Bottom line: Repossession doesn’t change the title or warranty on a vehicle. If the car you’re interested in has a clean title and manufacturer warranty, this will be passed down to you. To browse the repo cars in your area, visit RepoFinder.com today