I think that was supposed to be my car. The owner couldn't get a title though and auctioned it off to a dealer who can deal with stuff like that better than can an end user like me. He wound up losing other Elise(s) he had on order when he got caught doing something or other. Had he kept his deal with me and been able to close, he likely would have been able to procure the other car(s) still waiting for him.
Well at Mid Rivers in Missouri there is that Frank MacNack guy from Ebay who had his #4 spot for a magnetic blue Elise that was auctioned and re-auctioned several times, but if I recall correctly it was an LSS car with no touring, this is a touring car...
>>>What's an example of why a buyer could'nt "get title through"? Financing? I don't get it.<<<
Simple really. He bought the car, cash and picked it up. He wanted to flip it and he and I agreed on a price, terms, etc. But he could't provide a title to me, as the title still needed to be produced by Florida in the first place. You can't get a title very quickly. So he sold it to a dealer who can do this more easily than can us regular folks. Normally when you buy a new car from the dealer they handle the eDMV stuff for you. Then some time later, no hurry, you get your title in the mail. Here in CT that can take a couple months. But during that couple months it would be hard for that same person to sell that car. Not sure if I'm being clear here and I'm certainly not a paperwork expert. Turns out that he could have gotten a title more quickly from FL, about 5 days. But since some time went by he wound up deciding to sell the car to a dealer for more money rather than keep our deal. Apparently he had or has a number of cars on lists, but at least some have been cut off.
Groundloop you can solve this by not having the car titled.
Yep, that's right, cars don't have to be titled. Just ask the dealer to give you the Certificate of Origin instead. Then load the car onto a trailer and off you go. If you want to sell the car, give them the Certificate at the time of sale, or register it for them. Be careful however its like cash. If you lose it, you are in a heap of hurt.
There are a number of reasons you might want to do it this way. In my case I was purchasing a car in CA and transporting it to OR where I live and saw no reason to pay the CA sales tax as I was not liable for it. Dealer had no problem giving me the Certificate after warning me about losing it, however some dealer protest, sometimes loudly for no reason other than they hardly ever do it this way.
S1owner, thanks for the tip. I'd never heard of the Certificate of Origin. I found a few web pages that describe the Certificate (with no less than nine security features) and how to submit it to the DMV.
Makes sense though, since the dealers have to have some way to sell cars to each other without titles.
I could see dealers giving you a hard time, since it's out of the norm and they can't bill you for "title and registration".
Does Lotus provide the actual paper Certificate to the dealer? Apparently, Toyota does not -- the dealers don't have them and somehow submit them 'electronically'.
One person needed it and Toyota had to send it to the dealer, who then had to sign/notarize it and send it to her.. took over a week, and I don't want to think about what you might show the officer for 'registration' in the interim.