You Are Here: Home - - How to avoid buying repossessed vehicle, sealing or retention of title

When buying or sell your car for second hand, every precaution is little to avoid being ripped off or buy a vehicle on which even an attachment order.

Listed below are some points to keep in mind to avoid unwanted situations when we do a transaction of this type.

Is it possible to make the traffic of a vehicle impounded?

Before buying a car should go to the Provincial Traffic first of all to seek the same history. You just have to fill out a form indicating the registration and pay the fee charged for the traffic report, which is about 8 €.


However, it is possible that the history of the cars it seems to be all right, and then be annotated an older attachment order or a reservation of title, before requesting the transfer.

By taking the vehicle documentation to traffic to make the transfer, if it weighed on an embargo, the DMV made the change in ownership also without prior notice to the buyer.

Therefore amend the title in the registration certificate, and once done, without the possibility of correction will be delivered in conjunction with the permit notification of the existence of the embargo to the buyer, resulting in disgust for it.

What to do if you bought a vehicle yet?

If you see him in this situation would have to prove he's a bona fide third party purchaser. For this, the process of law is to exercise a third-party domain, which would have to prove that they own the vehicle before they scored the embargo and requesting that it be directed against any other assets of the debtor.

Another way faster and less expensive would be to contact directly with the judge who ordered the arrest (Traffic notifies, or else the court directly) to notify you that we are purchasers in good faith, and that no fraud of creditors.

What if the vehicle has Retention of title?

In this case you can not make the transfer to be credited the cancellation of registration of the reservation in the Personal Property Registry, or showing the creditor's consent.

In the event that the vehicle has been financed by the bank from the previous owner, financial institutions tend to make the booking control of the car to prevent it from being sold or change of ownership without having previously canceled the loan.

To raise the reserve would have to cancel the outstanding debt and the bank would then carry out the notification by the permit to remove it, taking for it to submit such letters in the Personal Property Registry.

What if the vehicle has a precinct?

If you vehicle has a seal, the DMV will perform the transfer but will not make delivery of the new new registration certificate and notify the buyer the existence of such an impairment.

How to avoid these situations?

To avoid all these problems before the payment of second-hand car or used interest we should take maximum precautions.

To do this, as well as requesting the History of the car to Vehicle Registration Traffic is advisable to consult the Personal Property Registry, as this will provide us all information about reservations of title liens or registered therein.

Tags:

0 comments

Leave a Reply