Though the process varies by state, the process of claiming and titling an abandoned vehicle usually requires cooperation between the DMV and local law enforcement. This is to ensure that the vehicle is genuinely abandoned, rather than lost or stolen.Know More
The first step in claiming an abandoned vehicle is to check with a local law enforcement agency to ensure the vehicle is not stolen. The police are able to search for theft reports using the car's license plate number or vehicle identification number. For a vehicle to be claimed by a third party, it must not have been stolen.
Once theft is ruled out, it is usually necessary to take out an advertisement in a print publication announcing intent to claim the vehicle. This gives the previous owner 30 or 60 days, depending on state laws, to reclaim the vehicle. If nobody claims the vehicle by the end of the waiting period, law enforcement usually issues a notice of abandoned property.
Take the declaration of abandoned property to the DMV and ask for the forms to request a new title. It is usually necessary to pay a filing fee, which varies by state. Once the forms are accepted, the DMV issues a new title.
The title to the car is the only form required in all states to complete the sale of a used car. Some states may also require a bill of sale and/or a vehicle history report before the car can be sold.Full Answer >
Selling a car without a title is illegal in most states as of 2015 and not considered a safe transaction. A title is used to show ownership of a vehicle, and vehicles without a title may indicate a problem with ownership, such as a loan taken on the vehicle.Full Answer >
Finding an individual or business entity based on a license plate number requires a subscription to an information database or a formal request to the DMV in the state where the vehicle is registered. License plate numbers are considered public record based on the Freedom of Information Act, which means they are available to U.S. citizens.Full Answer >
The primary differences in leasing versus buying a vehicle are the ownership, monthly payment amounts and restrictions on use of the vehicle, explains Consumer Reports. Depending on the lease terms for return of the vehicle at the end of the contract, the length of time a person has the car differs.Full Answer >