pro-touringAK
Member
- Joined
- Jun 1, 2012
- Messages
- 13
Just went through the no title situation in AK. 1,get bill of sale 2,get appraisal from qualified dealer 3,get bond for 1.5 the value of appraisal 4, turn in title request with above items.
I paid $100 for bond (truck was $50. just cab with frame). DMV rejected it (now I have a $100 bond -non refundable) and they are wanting me to get it in operational order before I request it again. This means I put money into it to get it operational (engine, tranny, windshield etc...) then I get it re appraised (if I paid $50 for the truck and put in 3k...now $3050) then I get a bond for $4500. Thats $7550 for a truck I paid $50. for. This is all just in case a previous title holder claims the vehicle in the next 3 years. Keep in mind it was a $50. cab and frame. I get the bond value back, if not claimed against, but where is the logic in all of this? Sure I can understand the original $100. bond but why an elevated bond amount? Which is elevated because it was MY money put into the truck not any previous owner.
I paid $100 for bond (truck was $50. just cab with frame). DMV rejected it (now I have a $100 bond -non refundable) and they are wanting me to get it in operational order before I request it again. This means I put money into it to get it operational (engine, tranny, windshield etc...) then I get it re appraised (if I paid $50 for the truck and put in 3k...now $3050) then I get a bond for $4500. Thats $7550 for a truck I paid $50. for. This is all just in case a previous title holder claims the vehicle in the next 3 years. Keep in mind it was a $50. cab and frame. I get the bond value back, if not claimed against, but where is the logic in all of this? Sure I can understand the original $100. bond but why an elevated bond amount? Which is elevated because it was MY money put into the truck not any previous owner.