Speedboosted
Found missing cylinders
I have an opportunity to pick up an '06 Mustang GT with 46k miles on it for a good price. Has some nice extras on it that I would love to swap over to my car and then resell the car. Only catch is that the title has some weird markings on it and it's from out of state so basically I would have to file for a Bonded Title or Ownership In Doubt. I've talked to the DOL about the process and am comfortable going through it, the only bummer about the whole thing is that it takes 3 fucking years to get a clear title.
The DOL said it's perfectly legal to transfer ownership of the car while it's in the Ownership In Doubt stage or with a Bonded title. If someone were to buy the car during the In Doubt stage, they would have to wait out the remaining time of the three years before they get the new title.
Obviously a bank is not going to loan on a car like this, so what are the chances of someone having $10,000 or so cash to buy the car? I'm sure there are plenty of people out there who don't care about the title situation, but it's likely that they aren't the same people who have $10,000 cash lol.
The DOL said it's perfectly legal to transfer ownership of the car while it's in the Ownership In Doubt stage or with a Bonded title. If someone were to buy the car during the In Doubt stage, they would have to wait out the remaining time of the three years before they get the new title.
Obviously a bank is not going to loan on a car like this, so what are the chances of someone having $10,000 or so cash to buy the car? I'm sure there are plenty of people out there who don't care about the title situation, but it's likely that they aren't the same people who have $10,000 cash lol.