When the dealership jumps the title, there is no record of the car going from one owner to another. Dealerships mainly did this to avoid paying any taxes.
Many dealerships do title jumping and, in the end, say it was an honest mistake, but the customer should be cautious during the deals. However, title jumping is not limited to automobiles. The customer should be careful about title jumping in almost every transaction, as it helps save them from paying the taxes.
If the customer has bought a car for a day and decides the next day to sell, the customer should not jump the title. Although, there are exceptions, like if the owner has passed away and the next of kin decides to sell the vehicle.
Title jumping is dangerous to both sellers and buyers. Customers think they might not get in trouble if the seller forgot to sign the title, but they could not be more wrong. If the seller sells the vehicle before changing the title, they are given a certain period to change the title. If they miss the period, it becomes an offense, and they are required to pay penalties or face jail time.
If a customer has brought from a seller who sold them the vehicle, but their name is not on the title, the buyer will also face some headaches. These include transferring the title into the buyer's name in the DMV.
The buyer will also have no clue about how many people have owned this vehicle, leading to several issues with the vehicle. If the buyer cannot find the owner from any previous records, it means they have to find the seller themselves.
Get more information about this on https://www.allenstewart.com/
About the company
Allen Stewart is a professional company with the best legal team with experienced and trained staff to help consumers through all their legal matters. These include helping them with auto fraud cases, personal injury cases, and matters associated with benzene exposure and sinonasal cancer. They have offices in New York, Texas, California, Pennsylvania, Missouri, North Carolina, Arizona, and Ohio. Their lawyers will work tirelessly to give the best legal care to your team.
Phone: - 866-440-2460
Address: - 1700 Pacific Avenue Suite 2750, Dallas, Texas 75201
Website: - https://www.allenstewart.com/