ZPOST
BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   ZPOST > BIMMERPOST Universal Forums > General Automotive (non-BMW) Talk + Photos/Videos
  TireRack

SUPPORT ZPOST BY DOING YOUR TIRERACK SHOPPING FROM THIS BANNER, THANKS!
Post Reply
 
Thread Tools Search this Thread
      02-08-2023, 06:33 PM   #1
chassis
Colonel
chassis's Avatar
6374
Rep
2,283
Posts

Drives: 9Y0 Cayenne S
Join Date: Mar 2019
Location: Einbahnstraße

iTrader: (0)

Garage List
Selling vehicle with two owner names on the title

Selling a vehicle with two owner names on the clean title, no liens. What is best practice for speedy transaction?

Can owner 1 sign in advance, followed by owner 2 taking the vehicle and title to a dealer to close a deal? This avoids the necessity of seller 1 being present at the close.

Aren't vehicle transactions a headache?

Thanks!

Last edited by chassis; 02-08-2023 at 06:40 PM..
Appreciate 0
      02-09-2023, 05:05 PM   #2
chassis
Colonel
chassis's Avatar
6374
Rep
2,283
Posts

Drives: 9Y0 Cayenne S
Join Date: Mar 2019
Location: Einbahnstraße

iTrader: (0)

Garage List
Closed the deal with both sellers at the table. The old fashioned way.

Last edited by chassis; 02-09-2023 at 08:22 PM..
Appreciate 1
      02-09-2023, 07:20 PM   #3
Marcoose
Lieutenant
Marcoose's Avatar
United_States
450
Rep
457
Posts

Drives: 2016 sDrive35is
Join Date: Feb 2021
Location: San Francisco, CA

iTrader: (0)

It depends if the title says AND or OR.
Appreciate 1
chassis6373.50
      02-09-2023, 07:35 PM   #4
Higgs Boson
In the Details
1804
Rep
862
Posts

Drives: Yes
Join Date: Jan 2020
Location: Texas Hill Country

iTrader: (0)

Garage List
2020 AMG GTR  [0.00]
2022 R8 Quattro Spyder  [0.00]
2023 X5M50  [0.00]
2023 718 Spyder  [0.00]
2024 Silverado  [0.00]
2024 Civic Type R  [0.00]
any dealer or person that is interested in protecting themselves from owning a stolen car (meaning one that doesn't have both parties' consent to sell, which happens more than you might think) will want both sellers present during the transaction to verify identity and signatures.

the real problem here is having someone else's name on your title. ;-)
Appreciate 1
chassis6373.50
      02-09-2023, 08:13 PM   #5
BMWCCA1
BMW Owner Since 1971
2236
Rep
1,393
Posts

Drives: 1964 700 Sport Cabriolet
Join Date: Apr 2014
Location: Central Virginia

iTrader: (2)

Garage List
2013 BMW 128i  [10.00]
It's up to the dealership what they'll accept. They may need to have an employee witness all signatures, they may want a notary to verify anyone who can't make it in, or they may not care.
Appreciate 1
chassis6373.50
      02-09-2023, 09:08 PM   #6
x622
Forced Induction Connoisseur
x622's Avatar
925
Rep
706
Posts

Drives: 23 X5MC / 23 720s
Join Date: Aug 2020
Location: AZ

iTrader: (0)

Garage List
2023 Mclaren 720s  [0.00]
2005 Honda S2000  [0.00]
2008 BMW M3  [0.00]
2023 BMW X5MC  [0.00]
1964 Ford Mustang  [0.00]
1968 Pontiac GTO  [0.00]
Quote:
Originally Posted by Marcoose View Post
It depends if the title says AND or OR.
Correct. If it says AND you need both, if it says OR just one of them.

One option is to have them both sign individual power of attorneys so you can do whatever you want. Not sure about what state you're in, but you can find them typically from your states' DMV website.
__________________
Oy vey, look at all these shekels
Appreciate 1
chassis6373.50
      02-10-2023, 06:22 PM   #7
tturedraider
Major General
tturedraider's Avatar
United_States
4938
Rep
6,219
Posts

Drives: 2018 340i M Sport
Join Date: Apr 2006
Location: Chicago, Edgewater (via Texas & Tennessee)

iTrader: (0)

Garage List
Quote:
Originally Posted by BMWCCA1 View Post
It's up to the dealership what they'll accept. They may need to have an employee witness all signatures, they may want a notary to verify anyone who can't make it in, or they may not care.
^ this. If the dealership trusts you the other party doesn’t have to be present. It is not a requirement.

If needed, you can get the second party to execute a “limited power of attorney to sell a motor vehicle” giving you the authority to do the transaction.

Quote:
Originally Posted by Marcoose View Post
It depends if the title says AND or OR.
Quote:
Originally Posted by x622 View Post
Correct. If it says AND you need both, if it says OR just one of them.
Titles that list two owners rarely (if ever) have an “or”. The point of two names on the title is that they own the car jointly.
__________________
https://youtu.be/-ay-8p2p29w
www.bmwcca.org
member #388003 - Use me as a referral
& you could win a one day ///M Driving School!!

___________________________________________
Appreciate 1
chassis6373.50
      03-07-2023, 05:25 AM   #8
chassis
Colonel
chassis's Avatar
6374
Rep
2,283
Posts

Drives: 9Y0 Cayenne S
Join Date: Mar 2019
Location: Einbahnstraße

iTrader: (0)

Garage List
Quote:
Originally Posted by mnddd View Post
You can do it old fashioned way
Is there more?
Appreciate 0
      03-07-2023, 08:15 AM   #9
Marcoose
Lieutenant
Marcoose's Avatar
United_States
450
Rep
457
Posts

Drives: 2016 sDrive35is
Join Date: Feb 2021
Location: San Francisco, CA

iTrader: (0)

Quote:
Originally Posted by tturedraider View Post
Titles that list two owners rarely (if ever) have an “or”. The point of two names on the title is that they own the car jointly.
Not true. Since I’ve got married, all our vehicles, including the ones wifey doesn’t even know how to drive, have OR on their titles. Reason being, it’s the good old ‘joint tenants with rights of survivorship’. If anything happens to me wifey doesn’t have to transfer the vehicles to her name only in order to transact on them. There are automatically hers. Same with banking, savings and investment accounts. Mortgages (and loans) are different, but we no longer have one.

Sorry to bust your balls, but it’s important to stop the misinformation.
Appreciate 3
      03-12-2023, 11:35 PM   #10
tturedraider
Major General
tturedraider's Avatar
United_States
4938
Rep
6,219
Posts

Drives: 2018 340i M Sport
Join Date: Apr 2006
Location: Chicago, Edgewater (via Texas & Tennessee)

iTrader: (0)

Garage List
Quote:
Originally Posted by tturedraider View Post
Titles that list two owners rarely (if ever) have an “or”. The point of two names on the title is that they own the car jointly.
Quote:
Originally Posted by Marcoose View Post
Not true. Since I’ve got married, all our vehicles, including the ones wifey doesn’t even know how to drive, have OR on their titles. Reason being, it’s the good old ‘joint tenants with rights of survivorship’. If anything happens to me wifey doesn’t have to transfer the vehicles to her name only in order to transact on them. There are automatically hers. Same with banking, savings and investment accounts. Mortgages (and loans) are different, but we no longer have one.

Sorry to bust your balls, but it’s important to stop the misinformation.
So, your contention is that “rarely” is incorrect and it is, in fact, common “or” is on titles that list two owners? “Rarely” and “never” are not the same thing.
__________________
https://youtu.be/-ay-8p2p29w
www.bmwcca.org
member #388003 - Use me as a referral
& you could win a one day ///M Driving School!!

___________________________________________
Appreciate 1
chassis6373.50
      03-12-2023, 11:49 PM   #11
Marcoose
Lieutenant
Marcoose's Avatar
United_States
450
Rep
457
Posts

Drives: 2016 sDrive35is
Join Date: Feb 2021
Location: San Francisco, CA

iTrader: (0)

‘OR’ is very common. And if stated, only one owner needs to sign.
Appreciate 1
chassis6373.50
      03-13-2023, 12:12 AM   #12
tturedraider
Major General
tturedraider's Avatar
United_States
4938
Rep
6,219
Posts

Drives: 2018 340i M Sport
Join Date: Apr 2006
Location: Chicago, Edgewater (via Texas & Tennessee)

iTrader: (0)

Garage List
Quote:
Originally Posted by Marcoose View Post
‘OR’ is very common. And if stated, only one owner needs to sign.
I guess it varies by state. In Texas it is not common. Texas titles also don’t say “and”. They just list both names. I’m just about to do it on a title in Illinois. I’ll report back on how they do it.
__________________
https://youtu.be/-ay-8p2p29w
www.bmwcca.org
member #388003 - Use me as a referral
& you could win a one day ///M Driving School!!

___________________________________________
Appreciate 1
chassis6373.50
      03-13-2023, 08:06 AM   #13
OkieSnuffBox
Major
1803
Rep
1,011
Posts

Drives: '13 135i
Join Date: Jan 2018
Location: OKC, OK

iTrader: (0)

Quote:
Originally Posted by tturedraider View Post
I guess it varies by state. In Texas it is not common. Texas titles also don’t say “and”. They just list both names. I’m just about to do it on a title in Illinois. I’ll report back on how they do it.
My ex-wife and I had both of cars listed as "or" on the titles. I won't claim to know if it's common, just that it's an option.
Appreciate 1
chassis6373.50
      03-13-2023, 10:49 AM   #14
Marcoose
Lieutenant
Marcoose's Avatar
United_States
450
Rep
457
Posts

Drives: 2016 sDrive35is
Join Date: Feb 2021
Location: San Francisco, CA

iTrader: (0)

Quote:
Originally Posted by tturedraider View Post
I guess it varies by state. In Texas it is not common. Texas titles also don’t say “and”. They just list both names. I’m just about to do it on a title in Illinois. I’ll report back on how they do it.
There's an old IL title next to the keyboard as I type this. There's neither OR or AND. Just the two names in different lines. I cannot remember if it was an option back then. When we moved to and registered our vehicles in CA, they all have OR. At the risk of sounding morbid, it's easier on the surviving spouse. If there's an OR, only one owner signature is required to transact on the vehicle. Personally, if not specified, I'd get both owners' signatures.
__________________
2016 35is, monoballs, camber plates, KWV3, PS4S, xHP, MHD, LFB pedal, flat bottom wheel, red indicators, black headlamps
Appreciate 1
chassis6373.50
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 11:34 PM.




zpost
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST