Understanding Bonded Titles in the Lone Star State
When you’re looking to sell a vehicle in Texas, navigating the complexities of legal requirements can be challenging. A common scenario involves selling a car with a bonded title. What does this mean, and how does it impact your ability to sell your vehicle? Let’s dive in.
What is a Bonded Title?
A bonded title, also known as a “Certificate of Title Surety,” is issued to the owner of a vehicle that lacks proper documentation proving ownership. It’s common in scenarios where the original title is missing or damaged. In Texas, the process to obtain a bonded title involves acquiring a surety bond that’s worth one and a half times the vehicle’s value.
Selling a Vehicle with a Bonded Title
The good news is, in Texas, you can sell a vehicle with a bonded title. However, there are specific considerations to keep in mind:
Disclosure: As the seller, you must inform the buyer that the vehicle has a bonded title. This transparency is crucial for building trust and adhering to legal requirements.
Validity Period: A bonded title is valid for three years from the issue date. During this period, any claims against the vehicle's ownership can be made.After the Three-Year Period: If no claims are made against the vehicle within three years, the owner can apply for a standard title with the Texas Department of Motor Vehicles (TxDMV).
Why Choose a Bonded Title?
Opting for a bonded title can be a smart move, especially if:
You've bought a vehicle without a title.
You've lost the original title and cannot obtain a duplicate.
You're a seller wanting to provide assurance to potential buyers.Ready to Sell or Buy a Bonded Title Vehicle?
Selling a car with a bonded title in Texas is not only possible but also straightforward if you know the rules. If you’re looking to buy or sell a vehicle with a bonded title, our team at Bonded Title in Texas is here to help. We specialize in Texas Bonded Titles, ensuring a smooth and legally compliant transaction.
Get Your Texas Bonded Title Now
Don’t let title issues hold you back. Click here to secure a bonded title with now.