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mike_kellie's avatar
mike_kellie
Explorer II
Dec 07, 2016

registration woes with new truck

I found a Ram 5500 cab and chassis out of state and took delivery via a transport company a couple weeks ago. I had financed the loan through our local credit union, researched insurance (higher GVW) and our agent was able to assign us a policy, no problem.
The state of CA will not register an incomplete truck (found out yesterday at DMV) which means there isn't a title and the credit union is not listed as lienholder. I then went to the credit union and I seem to be the first to navigate these waters for them. As of now, they have a non-collateralized loan and are deciding how to proceed.
I have an estimate in hand to have the truck body built with an estimated 12 week delivery. The credit union has copies of everything including new insurance with the combined value of new truck cab and aftermarket body even though it's not completed or installed.
Anybody experience this before? I could probably buy out the loan with the Passat buy-back and sale of truck but I'm thinking of keeping the truck for a couple more months.

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