Forum Discussion

1L243's avatar
1L243
Explorer II
Jun 25, 2023

Open Title Purchase

I was looking at a trailer online and it was reported to have a clean title. The seller explained he had the title after purchase from a family member original owner who signed the back of the title. But he never had it transferred in his name. The trailer sits on family property so he did not see the need since he was not towing it anywhere. I did not feel comfortable with the situation so I passed tell he gets the trailer transferred in his name.

What do you think
Seeking Advice
  • JoeH's avatar
    JoeH
    Explorer III
    Jun 25, 2023
    It's common to do that when not using it or flipping it. No need to pay sales tax,title and registration fees if the intent is to sell it or not use it on the road. As stated above, there may be penalties for not xferring within xx number of days, but that can sometimes be avoided by explaining the situation or if you had to do repairs to make it roadworthy. I've purchased many vehicles with open titles.
  • Ranger_Smith's avatar
    Ranger_Smith
    Explorer
    Jun 25, 2023
    That is fairly common if it is not being used. I would have him get it in his name as there could be a penalty for not transfering it in like 30 days.

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